The Board of Governors of the U.S. Postal Service have decided to delay the USPS’ plans to change the frequency of general mail delivery from six to five days, while continuing to provide retails, expedited, and package delivery services. The postal Board has directed postal management to re-evaluate several aspects of its operations, including its contracts and agreements with labor and its postal pricing plans.
Regarding the latter, the Board specifically has asked postal management to evaluate the possible need to call for and implement postal rate increases that exceed the inflation-based limits provided for in the Postal Accountability and Enhancement Act of 2006 (PAEA). Inflation-based limits to postal rate increases has been considered a key hallmark of PAEA, and has been credited for stimulating recent reductions in overall postal costs and enhancing postal operating and cost-efficiency. Read the rest of this entry »