determined<\/em><\/a>\u00a0that the current pricing system \u2014 which caps market-dominant price increases by inflation \u2014 isn\u2019t working in part because it doesn\u2019t allow USPS to be financially stable. The PRC proposed a new pricing system that gives the Postal Service some additional pricing authority, while maintaining a price cap.<\/p>\nIn comments filed with the PRC this week, the Postal Service said the proposed alternative doesn\u2019t give the organization the flexibility it needs to deal with changing market conditions and the competitive business landscape.![\"\"](\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2018\/03\/USPS-logo-small-150x124.jpg\")
<\/p>\n
\u201cWe continue to believe that a price cap system is unnecessary because there are alternatives in the marketplace to every product that we offer, and therefore market conditions and business realities will inform and constrain our ability to raise prices. Instead of modifying the price cap, the commission should exercise after-the-fact regulatory monitoring to ensure that the prices we charge are just and reasonable,\u201d USPS said in a statement.<\/p>\n
\u201cIf the commission insists on maintaining a price cap, then we have also suggested changes to its proposal which are needed to enable the Postal Service to have a more realistic opportunity to be financially stable.\u201d<\/p>\n
In addition to a better pricing system, USPS leaders say the organization\u2019s long-term financial stability requires legislative reform and management\u2019s continued actions to control costs, optimize the postal network and enhance postal products and services.<\/p>\n
All interested parties, including the Postal Service, will have an opportunity to file further comments March 30. The PRC will then consider those comments and issue a final decision regarding the new regulatory system.<\/p>\n","protected":false},"excerpt":{"rendered":"
March 02, 2018 – USPS has responded to a proposal to establish a modified system to regulate rates and classes for some postal products and services. Under a 2006 law, the Postal Regulatory Commission (PRC) must review the system used to regulate rates and classes for market-dominant products, including First-Class Mail and Marketing Mail. The\u00a0goal\u00a0is […]<\/p>\n","protected":false},"author":1,"featured_media":22773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-22772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usps-news","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=22772"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22772\/revisions"}],"predecessor-version":[{"id":22774,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22772\/revisions\/22774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/22773"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=22772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=22772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=22772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}