The US Postal Service has sold nearly 225 of its large postal properties over the last seven years. Many of these buildings are on prime real estate in major cities such as Chicago, New York, and Washington, D.C., and are attractive to developers. Massive old post offices where mail processors and other postal employees once worked are being transformed…
The US Postal Service is a landlord as well as a tenant. As a landlord, the USPS leases space in USPS owned facilities, and subleases space in USPS leased facilities. Leasing provides extra income for the Postal Service enabling it to keep owned properties, and remain in leased properties. USPS leases have long allowed the…
Postage rate increases approved last fall take effect January 21, 2018. Letters rates will increase to $.47. For a list of all new rates, Click Here.
On December 29, 2017 President was again in the news for tweeting. This time his target was the USPS and the prices given to Amazon which are “making Amazon richer and the Post Office dumber and poorer,” according to the tweet. In an L.A. Times article, Michael Hiltzik looks at why the President and Congress…
December 8, 2017 In an unexpected and unfortunate reversal of a longstanding policy, the United States Postal Service (the “USPS”) recently stopped publishing critical information about post office leases. If it goes unchallenged, the change in USPS policy will make unavailable information which has routinely been relied upon by lessors negotiating lease terms with the…
Proptotype vehicles proposed as replacements for the US Postal Service’s aging fleet have been photographed around the country. AM General, Karsen/REV Group, Mahindra, Oshkosh, and VT Hackney/Workhorse are competing for the lucrative USPS contract. USPS PMG, Megan Brennan has told Congress that the 180,000 vehicles currently on the road may be replaced in groups of up to…
November 1, 2017. A prototype mail delivery truck has been photographed in a USPS lot in Flint, MI. The Indian auto manufacturer Mahindra has submitted this as one of five entries from various manufacturers being reviewed by the USPS Next Generation Delivery Vehicle Program. The final decision on a new vehicle is expected in…
October 26, 2017 Robert M. Duncan of Kentucky, Calvin R. Tucker of Pennsylvania and David Williams of Illinois have been nominated to serve as members of the US Postal Service Board of Governors. Members of the Board of Governors are nominated by the president, and then confirmed by the Senate. Robert M. (Michael) Duncan is a…
Mass mailers are questioning the legality of a proposed rate increase pending before the Postal Regulatory Commission. Increases on rates for dominant products such as first-class mail, media mail service, periodicals and other non-package delivery are normally reviewed by presidential appointees of the Postal Board of Governors prior to submission to the PRC. However, there are currently…
10-6-2017 The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes to take effect Jan. 21, 2018. The new prices, if approved, include a one cent increase in the price of a First-Class Mail Forever stamp from 49 cents to 50 cents. Postcard stamps and metered letters would…