United States Postal Service
The direct marketing industry needs to focus on getting the USPS to set the smartest postage rates for catalogs, magazines, saturation mail for retailers and direct mail. It’s in the best interest of the USPS to respond to guidance from the mailing community because direct mail is a major source of profitable mail volume. The Post Office should be focused on increasing its profitable volume rather than ratcheting up postage rates again and having volume and profits dwindle as a result.
The U.S. Postal Service and the National Technical Information Service (NTIS) have agreed to jointly provide fulfillment, information management services and customer maintenance to federal agencies to enable them to serve the needs of their departments.
The U.S. Postal Service is reaching out to e-tailers with a campaign showcasing the power of catalogs with the potential to double online transactions and achieve revenue lift of over 100 percent by creating print extensions of their Internet shopping websites.
Responding to the call for a doubling of exports over the next five years through the National Export Initiative, officials with the U.S. Postal Service and U.S. Department of Commerce are leveraging their strategic partnership to launch a business plan aimed at empowering American businesses interested in exporting as a pathway to growth. A partnership agreement signed at Postal Service headquarters today establishes an outreach strategy between representatives of the Department of Commerce's International Trade Administration and U.S. Commercial Service, and the Postal Service's Global Business team.
The U.S. Postal Service on Tuesday proposed a 2-cent increase in the price of a first-class stamp, bringing the cost to 46 cents. The change, if approved, will go into effect on Jan. 2. Rates on packages, periodicals and special services are also set to increase under the proposed plan. The hike would generate about $3 billion in the first fiscal year, according to the Postal Service, not even half of the shortfall. The Postal Regulatory Commission, which oversees the Postal Service, needs to approve the increase. The commission, whose five members are appointed by the president, has 90 days to rule.
What do CVS Caremark Corp. and a northwest Michigan newspaper have in common? They both rely heavily on Saturday mail delivery. So when the Postal Regulatory Commission held a hearing Monday at City Hall, they came out to speak against the U.S. Postal Service's plan to eliminate Saturday delivery, which would save $3 billion annually. Under the plan, letter carriers would not deliver mail or pick up letters from blue collection boxes on Saturdays. Mail would be accepted at post offices on Saturdays, but it wouldn't be processed until after the weekend. Express mail and remittance mail services would continue seven days a week. The plan comes as the Postal Service is faced with a projected $238 billion deficit over the next decade.
The U.S. Postal Service (USPS) today filed its 2009 fiscal year-end financial results, showing a net loss of $3.8 billion for the year — despite cost-cutting efforts resulting in $6 billion in cost savings and a $4 billion reduction in required payments for retiree health benefits. Cost savings reflect a reduction of 40,000 career USPS employees as well as reductions in overtime hours, transportation and other costs. The $4 billion reduction in required retiree health benefit payments was passed into law for fiscal 2009 to allow USPS to maintain fiscal solvency while continuing to provide universal, affordable service to the nation.
The White House honored the U.S. Postal Service today for environmental stewardship with a 2009 Closing the Circle Award for its national Green Purchasing Program. This award brings to 40 the number of White House Closing the Circle Awards the Postal Service has won since the program’s inception in 1995.
Parcel shipping costs are on the rise, with UPS, FedEx and the USPS all recently increasing general rates. While costs are going up, successful catalog/multichannel companies are finding ways to reduce expenses and improve their bottom lines. What about you? Here are seven keys to getting started.
Attention catalogers who have changed the shape of your books or are considering doing so within the next year: Beware! Changing your catalog shape to qualify for automation letter postage rates may save money in the short term, but it can cost more in the long term. That’s because the U.S. Postal Service is in the process of conducting tests on a variety of design characteristics. Within the next year, its rules will change significantly and may wipe out the slim-jim savings. And it’s not just about the shape. The USPS also is looking into changing rules concerning mailing materials, thickness, tabbing requirements and