Washington, DC – Today the Postal Regulatory Commission (Commission) released its Financial Analysis report, which analyzes the overall financial position of the United States Postal Service in Fiscal Year (FY) 2017.
Newsroom - Press Releases
PRC Examination of USPS Financials Show Net Operating Loss of $1.3 Billion: Liabilities weaken improvements in liquidity
PRC Directs USPS to Address Compliance Issues in FY 2017 Annual Compliance Determination: Report shows progress in some areas and continued challenges in others
Washington, DC – The Postal Regulatory Commission (Commission) today issued its Annual Compliance Determination (ACD), a mandated assessment of the U.S. Postal Service’s (Postal Service) compliance with pricing and service performance requirements in fiscal year 2017 (FY 2017).
PRC Issues Notice of Proposed Rulemaking on Minimum Contribution of Competitive Products to Institutional Cost: Proposal Calls for Annual Modifications to Reflect Changes in Market Conditions
Washington, DC – Today the Postal Regulatory Commission (Commission) issued a Notice of Proposed Rulemaking (Rulemaking) after evaluating whether the existing 5.5 percent appropriate share of the institutional cost requirement for Competitive products should be retained in its current form, modified, or eliminated. The law requires that Competitive products collectively cover what the Commission determines to be an appropriate share of the Postal Service’s institutional costs. The Commission is required to revisit the appropriate share regulation at least every 5 years.
Washington, DC – Today the Postal Regulatory Commission (Commission) released its Annual Report to the President and Congress summarizing the activities undertaken by the Commission during Fiscal Year (FY) 2017. Each year, the Commission is required to address in its report information concerning the operations of the Commission, including the extent to which regulations are achieving the ratesetting objectives of the Postal Accountability and Enhancement Act (PAEA).
PRC CONCLUDES RATE SYSTEM HAS NOT ACHIEVED NECESSARY OBJECTIVES and ISSUES PROPOSED RULEMAKING TO ADDRESS SHORTCOMINGS: Would Retain Price Cap System
Washington, D.C. - Today, the Postal Regulatory Commission (Commission) issued its findings related to the statutorily mandated review of the system for regulating rates and classes for Market Dominant products that was first established in 2006 by the Postal Accountability and Enhancement Act (PAEA). The law required the Commission to review the past 10 years of the existing market dominant rate and classification system to determine if the system achieved the nine objectives, considering the 14 factors, established by Congress.
BACKGROUND: The Postal Regulatory Commission was required to initiate a review of the system for regulating rates and classes for Market Dominant products to determine if the ratemaking system has achieved the objectives of 39 U.S.C. 3622(b), taking into account the factors enumerated in 39 U.S.C. 3622(c). On December 20, 2016, the Commission began its review. Chairman Robert Taub will host a media conference to discuss the Commission’s findings.
Washington, DC – Today the Postal Regulatory Commission approved the Postal Service’s planned price adjustments for First-Class Mail, USPS Marketing Mail, Periodicals, Package Services, and Special Services products. The Commission determined that the rates and related mail classification changes proposed by the Postal Service are consistent with 39 U.S.C. §§ 3622(d) and 3622(e), and may take effect as planned.
PRC to Hold Open Public Meeting Thursday, May 18: Meeting to focus on a wide-range of Commission activities to date
Washington, DC – The Postal Regulatory Commission today announced the agenda for its May 18 Public Meeting. The meeting is open to the general public and will focus on activities undertaken by the Commission over the course of this fiscal year to date.
The following agenda items, among others, will be discussed:
PRC Reviews USPS 2016 Performance Goals and 2017 Performance Plan: Report offers recommendations for meeting goals in the future
Washington, DC – Today the Postal Regulatory Commission (Commission) issued its analysis of the United States Postal Service (Postal Service) fiscal year (FY) 2016 Annual Performance Report and fiscal year 2017 Performance Plan. Each year, the Commission must review the Postal Service’s performance goals, make findings as to whether the Postal Service has met those goals, and offer recommendations regarding the protection or promotion of public policy objectives.