PRC Releases Analysis of Postal Service Finances in FY 2020

Press Release – April 26, 2021 Washington, DC – The Postal Regulatory Commission (Commission) today released its Financial Analysis, an examination of the U.S. Postal Service’s (Postal Service) financial results and 10-K Statements for Fiscal Year (FY) 2020. Despite an increase in Competitive products revenue, the Commission’s overall analysis supports the conclusion that the Postal…

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USPS: Delivery time changes, reclassification announced

The Postal Service has proposed changes for Priority Mail Express delivery times and the reclassification of Bound Printed Matter parcels. Currently, Priority Mail Express has three guaranteed delivery times within the 1-2 business-day service standards: 10:30 a.m. (in select locations, for an extra fee), noon or 3 p.m. The product will be simplified, and the…

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PRC asks USPS if it has plans to reduce hours at post offices

PRC asks USPS if it has plans to reduce hours at post offices (as shown in a the above ppt at HQ on 7/7/20). USPS replies it “is currently examining plans for review of its retail services and will communicate all plans to all stakeholders at the appropriate time.” Responses of USPS to Info Request…

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Postal Regulatory Commission releases Annual Report

The Postal Regulatory Commission released its annual report to the president and Congress last week. The report outlines the ways in which the commission, also known as the PRC, provided regulatory oversight of the Postal Service during the fiscal year that ended Sept. 30. The document also outlines the agency’s work to regulate rates and…

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President Biden Designates Michael M. Kubayanda Chairman of Postal Regulatory Commission

PRC Press Release – January 25, 2021 Washington, DC – The Postal Regulatory Commission (Commission) is pleased to announce that President Joseph R. Biden, Jr. has designated Commissioner Michael M. Kubayanda chairman of the Commission, succeeding Robert G. Taub.“I am grateful for the opportunity to serve as chairman and look forward to serving all Americans,…

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USPS: Video lists latest price changes

The Postal Service has released a video that lists the price changes that took effect Jan. 24. The changes will raise overall Priority Mail service prices approximately 3.5 percent and overall Priority Mail Express service prices 1.2 percent, while Mailing Services product prices will rise approximately 1.7 percent. The video, which USPS released last week,…

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Postal Regulatory Commission wants answers

The Postal Regulatory Commission wants answers. Check out the first of its information requests for the annual compliance review. They’re all about bad on-time service performance and getting more details about management’s explanations and justifications. PRC to USPS: Please explain how the Postal Service took into account the COVID-19 pandemic and the expected increase in…

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USPS announces additional price changes for 2021

The Postal Service has announced additional price changes for next year. If reviewed favorably by the Postal Regulatory Commission (PRC), the changes would take effect Jan. 24, 2021. Here’s a list of current and planned prices: Priority Mail small flat-rate box: $8.30 (current), $8.45 (planned) Priority Mail medium flat-rate box: $15.05 (current), $15.50 (planned) Priority…

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