|Of the $46 billion dollars USPS collected in postage for market-dominant products in which it owns a monopoly, nearly $36 billion was accounted for by Standard Mail, Flats, and presort First Class Mail paid for by business mailers.
|The symbiotic relationship between USPS and bulk mailers is currently at an historic juncture, with the USPS struggling for its very survival and mailers dealing with an unprecedented “exigent” rate increase to help offset a steady 30% decline in First Class Mail and competition from the Internet. As it concluded its most recent fiscal year last September, the Postal Service declared a net loss of $5 billion and had posted losses in 19 of its previous 21 quarters.|
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Bowing to a PRC order, the Postal Service finally files its Q1 report on surcharge revenue, which totaled $586 million.
The U.S. Postal Service Board of Governors felt it best to implement all price and classification changes at the same time.
The Board of Governors does the wise thing—deciding to wait until all new rates are approved by the PRC before setting a new date.
Facing a possible $18 million net loss on the deal, the Postal Service has an NSA rejected for the first time.