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  • USPS Reports Year End Financial Results

    The U.S. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. The lower revenues were driven largely by accelerated declines in First-Class and Marketing Mail volumes.

    "Our financial situation is serious, though solvable,” said Postmaster General and CEO Megan J. Brennan. “There is a path to profitability and long-term financial stability. We are taking actions to control costs and compete effectively for revenues in addition to legislative and regulatory reform. We continue to optimize our network, enhance our products and services, and invest to better serve the American public."

    Brennan stressed that the path forward for a financially stable future must also include urgent actions needed outside of the Postal Service's control. They include advancement and passage of the postal reform provisions contained in H.R. 756 in the 115th Congress and the adoption by the Postal Regulatory Commission of a new pricing system as part of its 10-year pricing review, enabling the Postal Service to generate sufficient revenues to cover costs.

    CLICK HERE<http://about.usps.com/who-we-are/financials/welcome.htm> for the complete financial report.

     

     

  • Postage Rate Increase Approved

    On November 8, 2017, the Postal Rate Commission approved the proposed rate structure for 2018. The increases become effective on January 21, 2018.

    The proposed rates vary based on the class of mail, the presort levels and drop ship discounts. Each publication, catalog, or other mail piece may have a different rate increase percentage. But the average increase across all classes of mail is approximately 2%. Some titles or mailings may be more than 2% and others may be lower than 2%, but for budget purposes, most clients are using the average of 2%.

    Here's a summary of the increases to the Mail Classes most Fry customers mail under:

    First Class Stamp: $ .49 increases to $.50.

    Marketing Mail (Standard Mail) LETTERS: 0% to 1.72% increase depending on presort levels

    Marketing Mail (Standard Mail) FLATS: 0.46% to 1.72% increase depending on presort levels

    Periodicals: 1.84% to 1.93% increase depending on presort levels

    The charts below provide more detail on all the mail classes.

      Class of Mail                  
      Average increase
    First Class 1.905%
    Marketing Mail (Standard) 1.908%
    Periodicals 1.924%
    Package Service (BPM) 1.960%
    Special Service 1.960%
    Permit Application No increase

     

     

     

     

     

     

     

      Marketing Mail (Standard)
      Average increase
    Letters 1.970%
    Flats 2.118%
    Parcels 2.768%
    High Density/Saturation Letters 2.378%
    High Density/Saturation Flats 1.086%
    Carrier Routes 2.031%
    OVERALL 1.908%

     

      Periodicals                     
      Average Increase
    Outside County 1.927%
    In-County 1.935%
    OVERALL 1.924%