Yesterday, the Postal Regulatory Commission (PRC) made a final ruling on the exigent increase that we have been following over the past 2 years:
On July 29th 2015, the PRC ruled that after recalculation, the Postal Service is entitled to an additional $1.191 billion, which puts the total Exigent recovery at $3.957 billion. The Postal Service is very close to recovering the initial $2.766 billion, which took about 19-20 months to collect at a 4.3% surcharge. Based on the initial recovery time, the Postal Service will likely collect the additional $1.191 billion in 8 months. Therefore, by Spring of 2016, the 4.3% Exigent surcharge should be removed, thus bringing some financial relief to the mailing industry.
There are still some questions that Production Solutions continues to follow, and will keep you updated on as more information becomes available: