Governors Approve HSBC Negotiated Service Agreement

Share this content:
The U.S. Postal Service Board of Governors approved a negotiated service agreement late Tuesday that would provide discounted rates to HSBC North America Holdings in exchange for increased use of First-Class mail.


Under the three-year deal, HSBC will get discounted rates of 2.5 cents to 5 cents per piece for shifting mail from Standard to First Class and reaching certain First-Class volume targets. HSBC also agreed to accept electronic address corrections for First-Class solicitations and forgo the physical return of undeliverable mail.


The USPS said it expected to save $7 million over the life of the NSA. Other companies with which the USPS has such agreements include Capital One, JPMorgan Chase and Discover Financial Services.


In other news, the governors:


· Approved the purchase of 1,406 tractors and 382 spotters to replace older vehicles. The new vehicles will be equipped with the Fleet Management System, which will aid the USPS in tracking their use.


· Approved the purchase of 3,120 left-hand-drive carrier route vehicles for use in city deliveries, replacing right-hand-drive route vehicles that will be redeployed to rural deliveries. The USPS has been making such redeployments since 2003 to aid the safety of rural carriers who need to reach curb-line mailboxes while staying in their vehicles.


Scott Hovanyetz covers telemarketing, production and printing and direct response TV marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


Loading links....
close

Next Article in Postal

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here