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:

U.S. Postal Service Releases 3rd Quarter Financials.  On August 6, the Postal Service reported its financial results for the third quarter of 2020. As expected, the Covid-19 pandemic, which has had a disastrous impact on the US economy, is affecting USPS’ finances in a significant way. The U.S. Postal Service posted a loss for the quarter of $2.2 billion, slightly less than last year’s $2.3 billion loss during the same quarter of 2019. Revenue for the quarter increased by more than $500 million over last year at $17.1 billion. Expenses, driven largely by a compensation and transportation increases were up by $470 million. 


U.S. Postal Service Reaches Agreement with Treasury On July 28, the USPS announced that it reached an agreement in principle with the United States Department of the Treasury on the terms and conditions associated with $10 billion lending authority provided in the CARES Act. DeJoy expressed his appreciation to U.S. Treasury Secretary Steven Mnuchin for working with him to reach mutually acceptable terms and conditions. 

PMG Louis DeJoy Releases Statement On July 27, Postmaster General Louis DeJoy released a statement addressing operational changes that have received widespread attention in the media over the last two weeks. In addition to calling for regulatory and legislative reform, the PMG notes "changes must be made, and we will refocus on all of the items within our control, and propose changes to some that are not, in order to ensure that we will be able to continue to fulfill our universal service obligation to all of America.”

DTAC Acquires Mail.dat® & Mail.XML™ Specifications From Idealliance PostCom is pleased to announce that Delivery Technology Advocacy Council (DTAC) and Idealliance have agreed to transfer ownership and management of the Mail.dat and Mail.xml specifications to DTAC. Several members of PostCom's Board of Directors were instrumental in forging this agreement that will help ensure technological continuity and stability for the mailing industry in the years to come. Official Press Release

Governor Nominees Confirmed. On June 18, the Senate confirmed the nominations of William Zollars and Donald Lee Moak to be Governors of the US Postal Service. Once sworn in there will be six Governors on the Board, sufficient to restore a quorum.

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.