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Postal News Roundup

PostCom: PRC Press Release: Leaders in Mailing Organizations Call for Balanced Approach to Postal Rates
“On Monday, March 20, three mailer organizations representing all segments of the mailing community and all classes of mail urged the Postal Regulatory Commission to retain the inflation-capped pricing structure that has protected captive users of the Postal Service’s monopoly services for the past decade. That system has provided, and continues to provide the Postal Service with sufficient revenue to maintain operations. The Postal Service has raised postage prices with inflation nearly every year; in addition, for more than two years after the great recession, the pricing system allowed the Postal Service an exigent surcharge to speed its economic recovery...”

Post & Parcel: Transport companies and carriers lead USPS suppliers list
“All told, the US Postal Service (USPS) spent over $14bn in 2016 on outside purchases, about half of that for transportation. The list – which was compiled by David Hendel, the leader of Husch Blackwell’s Postal Contracting team –  is based on data received in response to Freedom of Information Act requests. Transport contractors fill half of the first ten spots on the Top 150 for fiscal year 2016 (which ended on 30 September)…”

Memphis Daily News: FedEx Falls Short of Q3 Profit Forecasts 
“Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts. In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year. ‘FedEx delivered an outstanding peak season with our highest volumes ever and record service levels,” FedEx Corp. chairman and chief executive officer Frederick W. Smith said. “We believe strongly that our strategic investments to expand our global scope and our portfolio of services will significantly increase long-term profits...’”