Latest News and Highlights

USPS Updates on “COVID-19".  The USPS will provide any necessary updates on their website at: https://about.usps.com/newsroom/service-alerts/. Other resources: 

USPS Publishes Annual Household Diary Study.  On May 29, the Postal Service published the Household Diary Study.The Household Diary Study survey, fielded continuously since 1987, aims to collect information on household use of the mail and how that use changes over time. The survey collects household information on demographics, lifestyle, attitudes toward mail and advertising, bill payment behavior, and use of theInternet and other information technologies.

OIG Releases the Semi-Annual Report. The Office of the Inspector General (OIG) has released its semi-annual report to Congress which summarizes OIG activities and performance for the first half of Fiscal Year 2020. So far this year OIG audits have identified $5.8 billion in funds that could be used more effectively, and investigations have led to the recovery of more than $400 million.

USPS Releases Q2 2020 Financial Results  On May 8, the U.S. Postal Service reported total revenue of $17.8 billion for the second quarter of fiscal 2020 (January 1, 2020 - March 31, 2020), an increase of $348 million, compared to the same period last year. Compared to the same quarter last year, First-Class Mail revenue increased by $89 million, or 1.4 percent, despite a volume decline of 29 million pieces, or 0.2 percent. This growth was due to one-time mailings associated with the 2020 U.S. Census, otherwise First-Class Mail revenue and volume would have each declined. Meanwhile, Shipping and Packages revenue increased by $386 million, or 7.1 percent, on a volume increase of 12 million pieces, or 0.8 percent, compared to the same quarter last year.

GAO Released its Report on the Postal Service's Business Model On May 7, the Government Accountability Office (GAO) released its report on the Postal Service's business model, which includes recommendations that Congress asses: the level of postal services the nation requires, the extent to which USPS should be financially self-sustaining and the appropriate institutional structure for USPS. In general, the GAO concluded that "USPS’s current business model is not financially sustainable due to declining mail volumes, increased compensation and benefits costs, and increased unfunded liabilities and debt. USPS’s costs continue to rise faster than its revenues, and although USPS has made changes over the years to address these challenges, its efforts have been limited by stakeholder opposition and statutory requirements." 

PRC Analysis of Postal Service's FY2019 Finances On May 7, the Postal Regulatory Commission (PRC) released its Financial Analysis report of the Postal Service’s 2019 financial results. The report was developed using information from the Postal Service’s Fiscal Year (FY) 2019 10-K Statement and measured against its FY 2018 and FY 2019 Integrated Financial Plan, Cost and Revenue Analysis report, Cost Segments and Components report, and the RevenuePiecesand Weight report.  The PRC determined that the financial position of the Postal Service is dire and this is primarily the result of the Postal Service’s failure to make payments to the Retiree Health Benefits Fund, the Federal Employees Retirement System, and the Civil Service Retirement System.

Board of Governors Announces Selection of Louis DeJoy to Serve as Nation’s 75th Postmaster General. On May 6, the Board of Governors of the United States Postal Service announced its unanimous selection of Louis DeJoy to serve as the 75th Postmaster General of the United States and Chief Executive Officer of the world’s largest postal organization. DeJoy is an accomplished business executive with more than 35 years of experience.  Article Mike Plunkett Quoted In

Industry Calls for USPS Financial Relief PostCom along with more than 1,000 associations and businesses call on Congressional leadership to provide the financial support needed to ensure that the Postal Service is able to continue its vital mission in the face of the unprecedented pandemic that is already having a profound impact on the mailing industry.