Highlights: On track to meet full year expectations. Total revenues were flat year on year with declines in US Higher Education Courseware offset by the rest of the company growing in aggregate. 2018 adjusted operating profit guidance remains unchanged, reiterating underlying profit growth. Online Program Management (OPM) saw good growth in revenue with global course registrations up 13%. Connections Academy, our K12 virtual schools business, saw good growth in revenue and a new partner school was approved for the 2019/20 school year. In English, Pearson Test of English Academic (PTE Academic) grew test volume by 34%. Professional Certification revenues grew well. Click read more below for additional detail.
On May 13, 2021, the House Oversight and Government Reform Committee approved two separate but related bills addressing USPS finances and operations. The first, the bipartisan Postal Service Reform Act of 2021 (H.R. 3076 (PDF)), was approved by voice vote, making it now eligible for a floor vote in the US House of Representatives. The bill was introduced two days prior to committee consideration following a painstaking effort to craft a bipartisan document. Lead sponsors were Committee Chair Rep. Carolyn Maloney (D-NY) and Ranking Member Rep. James Comer (R-KY) along with original co-sponsors Government Operations Subcommittee Chair Rep. Gerry Connolly (D-VA) and Ranking Member Rep. Virginia Foxx (R-NC).
The bill was approved by the committee without amendment or any audible dissension, and included bipartisan agreed upon elements such as: codifying six-day delivery, requiring postal employees to enroll in Medicare at eligibility age, and elimination of the requirement that USPS pre-fund its retiree health benefits for 75 years into the future.
All three of these provisions are major steps forward to bringing solvency to USPS, and all are supported by PRINTING United Alliance and its allies in the Coalition for a 21st Century Postal Service, which represents the mailing industry supply chain. Postal employee unions and USPS itself have also endorsed the legislation. However, the bill does not include any language addressing postal rates, and, in particular, the potential dramatic rate increases recently proposed in the USPS 10-year strategic plan, “Delivering for America (PDF).”
more at source: https://www.piworld.com/post/postal-reform-legislation-advances-in-us-house-whats-next/