BMI Releases Industry Barometer Survey Results for January

Informed Delivery users can now view images of their household’s incoming mail and manage their package deliveries, the Postal Service announced today. More than seven million Informed Delivery users who opt-in to receive email notifications can now view their mail in their daily digest emails and also see tracking information about the expected delivery of their packages. Also, users are able to track package deliveries, leave delivery instructions and schedule redelivery from the online Informed Delivery dashboard. Click Read More below for additional information.

Following the successful acquisition of InnerWorkings in October 2020, HH Global is poised to deliver the next phase of growth. As such today Robert MacMillan announced the new executive leadership team effective from 1 April 2021: Board of Directors: Robert MacMillan as Executive Chairman; Mike Perez as Group CEO; Edward Parsons as Chief of Staff to the Chairman; Kristian Elgey as Interim Group CFO and Chief Commercial Officer; Steve Nunn and Craig Bingon as Non-Executive Directors. In addition, Raphael de Botton and Amer Khatoun - representatives from investor partners Blackstone - continue to sit on the Board of Directors. Group Management Board: Alan Bittle as Regional CEO, APAC; Nadia Pelekanos as Regional CEO, Central Europe, India, Middle East & Africa; Michael Keen as Regional CEO, Europe; Scott Martin as Regional CEO, Americas; Helen Babbe as Chief of Staff to the CEO; Kristian Elgey as Interim CFO and Chief Commercial Officer; Jason Hanavan as CFO, Americas; Lee Humphreys as CEO of Digital; Kevin Dunckley as Chief Sustainability Officer.

As expected in our most recent postal update in June, the Postal Regulatory Commission (PRC) has approved the postal rate increase that was proposed by the USPS. The PRC spent about a month reviewing the USPS’s proposal before formally announcing its approval on Monday, July 19th. Per the PRC, it confirmed that the planned price adjustments for all market dominant classes, including workshare discounts, are consistent with applicable regulations and applicable Commission directives and orders. The PRC also concluded that the planned classification changes, with some minor revisions described in the PRC Order, are consistent with applicable law. The new postal rates will become effective August 29th, and our analysis of numerous postage estimates shows that postage increases for Marketing Mail to be averaging about 8.6% for Flats and 6.6% for Letters. Mailings with in-home dates up to September 13th will pay current postage rates, with postage being paid on August 27th. This postal rate increase is unprecedented, with the PRC sanctioning and approving the USPS to increase rates higher than the 12-month rolling consumer price index (CPI). In effect, these rates will be about 4 times higher than the current CPI and are contrary to the rate increase guidelines laid out in the 2006 Postal Accountability and Enhancement Act.