Category: Alliance Report
-
USPS Holding Less Cash, but has Improved Liquidity
June 5, 2019 The USPS Form 10-Q for the period ending March 31, 2019 was submitted to the Postal Regulatory Commission on May 9. One of the interesting things it documents is cash and cash equivalents of $8.1 billion on March 31. This might have alarmed some because it’s down from $10.1 billion on September…
-
Second Nominee for PRC
June 5, 2019 Ashley Poling will be nominated to be a Postal Regulatory Commission by President Trump. She will join Ann Fisher, Director of the PRC Office of Public Affairs & Government Relations, as the candidates to replace outgoing Commissioners Tony Hammond and Nanci Langley, whose holdover years end in October and November. The good…
-
Alliance Notes
June 5, 2019 May 20, 2019 – Printing Impressions – Printing, Mailing Industry Voice Concerns Over Crippling Rate Hikes to Combat U.S. Postal Service Dire Financial Condition May 22, 2019 – Royal Mail – Royal Mail to invest around £1.8 billion in UK over five years May 23, 2019 – Extreme Tech – Ford Shows…
-
USPS Financials Drop as Rates and Economy Increase
May 22, 2019 On May 10, the Postal Service reported its financial results for the second quarter of its fiscal year 2019 – January, February and March. The results were very bad – a $2.1 billion loss – in spite of “aggressive management actions” that Postmaster General Megan Brennan said the agency is taking. Two-thirds…
-
USPS Management Working on a New Ten-Year Plan
May 22, 2019 Postal customers await the next chapter in the effort to stabilize and ensure a future for the USPS. It likely will come with the early-July release of a new “ten-year plan” being developed by Postal Service management. Unlike the President’s Task Force, the development of this plan is being done inside USPS…
-
Union Urges Employees to Ignore USPS Survey
May 22, 2019 The American Postal Workers Union told its members on May 21: “Don’t Let the Postal Service Take Your Pulse!” Depending on their occupation, the 200,000 APWU members belong to the Clerk, Maintenance, Motor Vehicle, or Support Services divisions. “It is that time of the year when the Postal Service wants to take…
-
State Sales Taxes Showing up on Nonprofit Mail
May 22, 2019 Some nonprofits are reporting that direct mail entered in certain states by their service providers is now incurring state sales tax charges. Mail service providers collecting state sales taxes from organizations without a physical presence is a result of the June 2018 Supreme Court case South Dakota v. Wayfair, in which the…
-
Alliance Notes
May 22, 2019 May 8, 2019 – FEDweek – Concerns Raised on Compelling Retirees to Enroll in Medicare May 9, 2019 – Dealbreaker – Stamps.com Stock In A Freefall As Investors Take Note That Company Is Empirically Obsolete May 10, 2019 – Reason – After Losing Nearly $4 Billion Last Year, Postal Service on Track…
-
Another Shoe to Drop
May 8, 2019 As if mailers don’t have enough to worry about, another shoe to drop was revealed at the April 30 hearing of the House Committee on Oversight and Reform: The Financial Condition of the U.S. Postal Service. Blistering questioning of Postmaster General Megan Brennan by Congressman Mark Meadows (R-NC) disclosed that the Postal…
-
Be Careful What You Wish For
May 8, 2019 A Postmaster General, a union leader, and a regulator all walk into a bar. What do they have in common? Megan Brennan, Frederic Rolando, and Robert Taub all have said many times that a key to fixing the financial problems and long-term future of USPS is increasing rates faster than the CPI…