Costco Wholesale Corporation Reports May Sales Results

Dear Industry Member: As we reported to you on Sept. 9th, Rep. Gerry Connolly (D-VA-11th) introduced the Ensuring Accurate Postal Rates Act (H.R. 8781), which would require the Postal Regulatory Commission to conduct a follow-up review of the postal rate-making process. Here’s a brief backgrounder and steps on how you can help this vital bill gain traction through the pending appropriations process: • Review our Sept. 9th announcement and more - click on read more below Why This Action? Mailers got virtually nothing out of the $10B granted by Congress to the USPS as part of the CARES Act. It went to the USPS’s cash position. The PRC’s November 2020 review formula did not consider the Covid-fueled boom in parcel volume for the Postal Service. Also, the PRC’s density formula treated the density change as a volume change to all delivery points, and thus neglected the profitability of the new delivery points and the volume they bring. Instead, the PRC review allowed for the USPS to break the CPI cap and begin instituting two rate hikes per year. This needs to be curtailed and you can help. And ACMA is here to help you in the process by simply responding to this email for our support.

Savvas Learning Company, a next-generation K-12 learning solutions leader, today announced that it has acquired Outlier.org, an edtech startup that has created a portfolio of high-quality, turnkey, online college-level courses that enable high school students to earn dual credit while never having to leave their school building. Outlier.org combines cinematic video and charismatic professors with the best in modern, evidence-based teaching techniques to virtually transport the student to a college lecture hall. Its diverse catalog of award-winning courses in the arts, humanities, social sciences, and natural sciences are taught by hand-picked, world-class instructors from NASA, MIT, Harvard, Yale, and other top institutions.

UPS announced more than a $1 million pledge, through The UPS Foundation in support of recovery efforts in Texas and Louisiana following the devastation caused by Hurricane Harvey. The pledge is a combination of cash grants, in-kind transportation movements and technical expertise to provide urgent relief, as well as support for long-term needs ranging from rebuilding to personal and financial recovery assistance. “In this time of enormous need, it is critical to establish and support extensive networks of public-private partnerships to get aid to those who need it, as quickly as possible,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer. “At the same time, setting aside funding and other resources for long-term recovery efforts is also important, and we are laying that groundwork as well.” Click Read More below for additional detail.