WASHINGTON — The U.S. Postal Service expects to deliver nearly 15 billion pieces of mail and 900 million packages, for a total of nearly 16 billion cheerful deliveries this holiday season – the period between Thanksgiving and New Year’s Day.
“The Postal Service is ready to deliver for the holiday season. We have increased our operating capacity to include additional transportation and extended our delivery windows,” said Megan J. Brennan, Postmaster General and CEO. “Our dedicated employees are proud to deliver more packages to homes than any other shipper.” Continue reading →
Washington, DC – Today the Postal Regulatory Commission issued Orders 4875 and 4876 approving the Postal Service’s planned rate adjustments for both Market Dominant products and Competitive products respectively.
Rate increases for Market Dominant products must meet certain statutory and regulatory requirements, the most prominent of which is that such increases be no greater than the rate of inflation, as determined by the Consumer Price Index for All Urban Consumers. Conversely, the Postal Accountability and Enhancement Act requires, among other things, that rates for Competitive products must produce sufficient revenues to ensure they are not subsidized by Market Dominant products.
The Commission found that the rates for both classes of mail meet all statutory requirements and may take effect, January 27, 2019, as planned. The Commission also found that the planned classification changes, with the revisions set forth in Orders 4875 and 4876, are consistent with applicable law.
Select Market Dominant First-Class Mail rates will change as follows:
Select Competitive Product rates affected by the rate adjustment include:
Product: Priority Mail
Retail Small Flat Rate Box
Retail Medium Retail Flat Rate Box
Retail Large Flat Rate Box
Retail Large Flat Rate Box APO/FPO/DPO
Retail Regular Flat Rate Envelope
Retail Legal Size Flat Rate Envelopes
Retail Padded Flat Rate Envelopes
The Commission’s complete analyses of the Postal Service’s Market Dominant and Competitive rate adjustments for calendar year 2019 are located at www.prc.gov in Docket Nos. R2019-1 and CP2019-3, respectively.
WASHINGTON — The Temporary Emergency Committee of the Board of Governors of the U.S. Postal Service (“TEC”) will meet Nov. 14 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. ET in the Ben Franklin Room on the 11th floor. Continue reading →
Fred Smith, founder, and CEO of FedEx told Bloomberg this morning that they don’t see any negative impact from Amazon doing more of their deliveries themselves. Smith says that the biggest entity that will lose business as Amazon implements its own delivery force is the US Postal Service:
“I don’t think it (Amazon’s split HQ announcement) has too much to do with FedEx,” said Smith. “You’ve got to remember that Amazon is delivering things from their fulfillment center to customers. We’re picking up, transporting, and delivering things from every person and business in the world to every other business. The biggest single provider of delivery services to the Amazon fulfillment network is not us, it’s the US Postal Service. They’re the ones that Amazon’s proprietary or indigenous delivery system will take the most volume from.”
“Amazon’s a good customer” Smith added. “We think they will be a bigger customer in the years to come if they continue to grow and they certainly should, but they are going to do some of their deliveries themselves for many reasons. The biggest single entity that will lose traffic as Amazon puts out its contractor delivery force is the US Postal Service.”
SEATTLE–(BUSINESS WIRE)–Nov. 5, 2018– (NASDAQ: AMZN) – This holiday season Amazon is giving customers even more convenient and faster delivery options.
Starting today, November 5, and for a limited time, all Amazon customers can enjoy free shipping with no minimum purchase amount on orders that will arrive in time for the Christmas holiday. This offer applies to hundreds of millions of items – the largest free shipping selection in the country. Continue reading →