Forced Price Reduction to Worsen USPS Financial Condition by $2 Billion Per Year
Postal Service Exigent Surcharge Pricing to End April 10
WASHINGTON — Absent Congressional or court action to extend or make permanent an existing exigent surcharge for mailing products and services – including the Forever stamp -- the Postal Service will be required to reduce certain prices on Sunday, April 10, 2016. This mandatory action will worsen the Postal Service’s financial condition by reducing revenue and increasing its net losses by approximately $2 billion per year.
“The exigent surcharge granted to the Postal Service last year only partially alleviated our extreme multi-year revenue declines resulting from the Great Recession, which exceeded $7 billion in 2009 alone,” said Postmaster General and CEO Megan J. Brennan. “Removing the surcharge and reducing our prices is an irrational outcome considering the Postal Service’s precarious financial condition.”
The first postal rate change of 2016 is upon us. Learn more about what this means below:
On January 17, 2016, U.S. Postal Service (“USPS”) will be raising shipping rates for the first time in 3 years. However, the rate adjustments are only part of the story....(Read More)
Article provided by The Berkshire Company
This and related information brought to you buy Miller's Memo (Click here to download). Miller’s Memo is a publication to showcase successes, initiatives and other significant achievements in the Gateway District. In addition, it will be used to share useful and vital information that is important to you.
Senate Causes Crisis for US Postal Service: A Call to Action
A great article by Mark Fallon on the Berkshire Company Blog. A short introduction to the article and link to read it in full is below:
Last year, I wrote a letter to my United States Senators(Elizabeth Warren and Edward Markey) about the need for the Senate to confirm President Obama’s nominees to the U.S. Postal Service (“USPS”) Board of Governors. Senator Warren’s staff didn’t think that my letter warranted a response. One of Senator Markey’s aidescalled my office to share the senator’s support for this issue. He believed that some of the nominees would be confirmed during the “lame duck” session after the elections.