Latest News and Highlights

Michael Plunkett, PostCom President & CEO and Mark Fallon, The Berkshire Company President & CEO and PostCom Board Member, were asked to join host Ian Kerr on "The Postal Hub Podcast" to discuss postal reform.  To listen, click here.

PRC Releases Annual Report to the President and Congress On January 31, the Postal Regulatory Commission released its Annual Report to the President and Congress summarizing many of the activities undertaken by the Commission throughout the year.  The Commission's highlighted accomplishments included conducting rulemakings related to 1) service performance reporting requirements; 2) the letter monopoly; 3) rate incentives for Market Dominant products; and 4) the minimum appropriate share of institutional costs required to be borne by competitive products; and issuing advisory opinions on Postal Service proposals to 1) change service standards for Retail Ground and Parcel Select Ground and 2) revise the critical entry times (CETs) for some categories of Periodicals mail; and issuing analytical reports on the Postal Service related to compliance with pricing and service standards; the financial health of the Postal Service; and evaluation of the Service’s performance goals and plan.

Commissioner Mark Acton Elected PRC Vice Chairman On January 4, The Postal Regulatory Commission (PRC) announced that it had voted unanimously to designate Commissioner Mark Acton as vice chairman of the Commission effective January 1, 2023, succeeding Commissioner Ann Fisher. Agency regulations provide that the commissioners elect a member to serve as vice chairman for a term of one year. Commissioner Mark Acton was reappointed to the Commission by President Barack H. Obama on December 12, 2016, for a third term of continued public service extending until October 14, 2022, and was confirmed by the United States Senate on December 10, 2016.

PRC Unveils 5 Year Strategic Plan On January 3, 2023, the Postal Regulatory Commission unveiled its 2023-2028 Strategic Plan.  The Plan was developed using a foresight-based strategic planning process, guided by Toffler Associates. The strategic planning process also included inputs from the Commission’s diverse and skilled staff and a variety of external postal experts, to ensure that the Commission continues to operate as an effective and objective regulator that is trusted by the American public, policymakers, and all interested stakeholders. The four Strategic Goals identified encompass the Commission’s priorities and strategic focus throughout 2023-2028:

  • Strategic Goal 1: Anticipate and adapt to an evolving postal system through a responsive and trusted regulatory framework.

  • Strategic Goal 2: Enhance and expand communication of accurate and relevant regulatory information to postal stakeholders, policymakers, and the general public.

  • Strategic Goal 3: Develop an internal infrastructure to support and strengthen our regulatory capabilities through adaptive policies, efficient processes, and scalable platforms.

  • Strategic Goal 4: Build an organization that will attract, develop, and retain a diverse workforce of experts.

PRC Releases Annual Compliance Report On December 29, 2022, the Postal Regulatory Commission (PRC) released its Annual Compliance Report (ACR) for fiscal year 2022.  Overall, the ACR demonstrates that in FY 2022 the Postal Service’s Market Dominant and Competitive products were broadly in compliance. Service performance in FY 2022 showed substantial improvement over FY 2021, which had been exemplified by the negative service performance impacts of the COVID-19 pandemic, and which demonstrated that the Postal Service’s network needed fundamental improvements in order to provide precise, reliable service.  Overall, the Customer Experience (CX) Composite, which provides a comprehensive view of the Postal Service’s customer experience across multiple touchpoints, improved in FY 2022.

USPS Intends To Deploy Over 66,000 Electric Vehicles by 2028 The United States Postal Service on December 20th announced that it expects to acquire at least 66,000 battery electric delivery vehicles as part of its 106,000 vehicle acquisition plan for deliveries between now and 2028. The vehicles purchased as part of this anticipated plan will begin to replace the Postal Service’s aging delivery fleet of over 220,000 vehicles. The announcement is enabled by the Postal Service’s overall network modernization efforts which allows for a more rapid deployment of EVs, and its improving financial condition which includes $3 billion in congressional funding appropriated under the Inflation Reduction Act (IRA). New NGDVs are expected to start servicing postal routes in late 2023.

Postal Regulatory Commission Approves Market Dominant Price Increase On November 28th, the Postal Regulatory Commission (PRC) approved the changes to rates for Market Dominant Products proposed by the Postal Service. The new rates will take effect on January 22, 2023. 

U.S. Postal Service Proposed Competitive Price Increase On November 10th, the U.S. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. 22, 2023. There is no price increase for Parcel Select Ground or USPS Connect Local.  USPS is proposing reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place and the Priority Mail Commercial rate to increase by 3.6 percent. Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent. The PRC will review the prices before they are scheduled to take effect.

Roman Martinez IV Re-Elected Chairman of the Postal Service Board of Governors During the November 10th Meeting of the U.S. Postal Service Board of Governors, Roman Martinez IV was unanimously re-elected by his fellow Governors to continue to serve as chairman of the Board of Governors. The Governors also unanimously re-elected Anton G. Hajjar to continue to serve as vice chairman. Martinez has served on the Board of Governors since August 2019, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires Dec. 8, 2024.  Hajjar has served on the Board of Governors since May 2021, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires on Dec. 8, 2023. Bios of all the governors are available at: about.usps.com/who/leadership/board-governors/.

U.S. Postal Service Reports Fiscal Year 2022 Results On November 10th, the USPS announced its financial results for the 2022 fiscal year ended September 30. The Postal Service had an adjusted loss of $473 million for the year, compared to adjusted income of $1.5 billion for the same period last year.  On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $56.0 billion for the year, compared to a net loss of $4.9 billion for the same period last year, due almost exclusively to the one-time, non-cash impact of the PSRA. The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year.

U.S. Postal Service Announces New Prices for 2023 On Friday, October 7, the Postal Service filed notice with the Postal Regulatory Commission (PRC) that it will raise market dominant rates effective January 22, 2023. Overall, rates for Market Dominant products will increase by 4.2 percent with individual classes affected as indicated below:

  • First-Class Mail - 4.2 %
  • USPS Marketing Mail - 4.203 %
  • Periodicals - 4.2 %
  • Package Services - 4.197 %
  • Special Services - 4.198 %

The price for 1-ounce metered mail will increase to 60 cents, and the price to send a domestic postcard will increase to 48 cents. A 1-ounce letter mailed to another country would increase to $1.45. There will be no change to the single-piece letter and flat additional-ounce price, which remains at 24 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.  

U.S. Postal Service Announces Proposed Temporary Rate Adjustments for 2022 Peak Holiday Season The United States Postal Service filed notice on August 10th with the Postal Regulatory Commission (PRC) regarding a temporary price adjustment for key package products for the 2022 peak holiday season. This temporary rate adjustment is similar to ones in past years that help cover extra handling costs to ensure a successful peak season.  The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 9, would affect prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12 a.m. Central on Oct. 2, and remain in place until 12 a.m. Central Jan. 22, 2023.