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/.

USPS Releases First Quarter 2021 Results On February 9, the U.S. Postal Service reported its financial results for the first quarter of its fiscal year 2021 (Oct. 1, 2020 - Dec. 31, 2020), as the COVID-19 pandemic continues to have an unpredictable impact on the economy and the Postal Service. Net income for the quarter was $318 million. As a result of the pandemic, and to a lesser extent, secular mail declines, the Postal Service’s sales from mail services, its largest sales category, continued to decline during the first quarter, despite record Political and Election Mail volumes associated with the general election. Total operating expenses were $21.1 billion for the quarter, an increase of $1.1 billion, or 5.3 percent, compared to the same quarter last year.

Ron Bloom to Serve as Chairman of the Board On February 9, Ron A. Bloom was unanimously elected by his fellow Governors to serve as the 24th chairman of the Board of Governors. The Governors also unanimously elected Roman Martinez IV to serve as vice chairman. Bloom succeeds Robert M. Duncan, the Board’s chairman since Sept. 2018, and who continues his term as a Governor.

Congress Revives USPS Fairness Act  On February 3, Congress reintroduced the USPS Fairness Act , a bipartisan legislation that would essentially eliminate the Postal Service’s 2006 obligation to pre-fund retiree health benefits. Currently, the requirement costs the USPS more than $5 billion dollars each year. The bill passed the House in 2019, but stalled in the Senate. 

PRC Releases Annual Report  On January 26, the Postal Regulatory Commission released its Fiscal Year 2020 (FY 2020) Annual Report to the President and Congress. The report provides a summary of the primary activities undertaken by the Commission throughout the year. By law, the Commission is required to submit its report to the president and Congress concerning the operations of the Commission, including the extent to which regulations are achieving the rate-setting objectives of the Postal Accountability and Enhancement Act of 2006. 

Michael M. Kubayanda Designated Chairman of the PRC On January 25, President Joe Biden designated Commissioner Michael M. Kubayanda to serve as Chairman of the Postal Regulatory Commission, succeeding Robert G. Taub.

COVID-19 Relief Bill Signed  On December 27th, President Trump signed the Coronavirus relief bill passed by Congress last week. Among other provisions, the legislation converts $10 billion in borrowing authority for the Postal Service to a "grant" that will not require prepayment if used to offset impacts of the pandemic.

PRC Approves Domestic Competitive Prices for 2021 On December 10th, the Postal Regulatory Commission (PRC) approved the domestic competitive price changes to take effect Jan. 24, 2021. The prices, approved by the PRC, will raise Shipping Services product prices approximately 3.5 percent for Priority Mail service, and 1.2 percent for Priority Mail Express service. Shipping Services price increases vary by product. Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions.

PRC Approve Market Dominant Prices, Mailing Promotions and the Seamless Acceptance Incentive for 2021 On Friday, November 20th, the Postal Regulatory Commission (PRC) approved the Market Dominant price change to take effect January 24, 2021.The prices, approved by the PRC will raise Mailing Services product prices approximately 1.8 percent for First-Class Mail and 1.5 percent for other categories.

USPS Latest Leadership Announcements On Thursday, November 19th, the U.S. Postal Service made several leadership announcements, including the retirement of a top executive, the promotion of several other key leaders, and a series of functional alignments that aim to better position the organization to achieve operational excellence and financial stability. The changes include the announcement that David E. Williams, chief logistics and processing operations officer, intends to retire next year. Isaac Cronkhite, who currently serves as chief human resources officer, will succeed Williams as chief logistics and processing operations officer.

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