The U.S. Postal Service has petitioned the Postal Rate Commission for an “experimental no-fee trial period for its delivery confirmation service for Priority Mail. If approved, the requested experimental trial will run from December 1 through December 16, 2001.” See also the Postal Service’s press release.
Read Moree-Backwash: An updated approach to Reverse Logistics
for those e-slipping back into the old economy – A presentation by Tim Konrad, Vice President Strategic Partnerships for Genco Distribution Systems
IF MAILERS THOUGHT they had the ins and outs of postal rate categories and preparation nailed down, they may need to think again. The U.S. Postal Service plans to implement a reclassification by the summer 2004.
Postal officials say the reclassification–which they’re calling a product redesign–will lead to increased volumes and revenue as the service faces back-to-back deficits of between $1 billion and $3 billion over the next two years.
Read MoreAggressive Cost Cutting Results In Lower Than Projected Request.
The Board of Governors of the Postal Service said today they will propose a three-cent increase in the price of a First-Class stamp as part of an overall rate increase request, which is less than 9 percent. The request will be formally submitted to the Postal Rate Commission later this month and is well below initial predictions of 10 to15 percent. For the past 30 years, the price of stamps have tracked the Consumer Price Index
“with the fall holiday mailing season in full swing, it’s clear in the mailing community that last autumn’s flurry of direct mail activity may not happen this year. More catalogers and direct mailers are cutting their circulation this fall. For example, Lillian Vernon Corp. said that September circulation will be down 5 percent from last year. Other companies may send about the same amount of fall mail as they did last year. The U.S. Postal Service is anticipating the same volume as last year, and major printer R.R. Donnelly said it is seeing the same volume at its plants as last fall.”
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