Fourth Quarter 2021 Financial Highlights: • Total revenues of $826.5 million decreased 5.6% compared to the prior year quarter ◦ Same store revenues(1) decreased 4.3% compared to the fourth quarter of 2020 • Total digital revenues were $272.6 million or 33% of total revenues, up 5.0% over the same period in the prior year on a same store(1) basis • Net loss attributable to Gannett of $22.4 million and margin loss of 2.7% • Cash used for operating activities of $5.9 million and free cash flow(1) usage of $18.2 million
*No price increase for Parcel Select Ground which, coupled with our recently improved service standard to 2-5 days from 2-8 days, offers a reliable and economical option for shippers
*No price increase for USPS Connect Local, which gives businesses of all sizes the ability to reach local customers at affordable rates
*Reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place
*Priority Mail Commercial rate to increase by 3.6 percent, well below the rate of inflation
The U.S. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. 22, 2023.
These proposed prices were approved by the Postal Service governors. Notably, there is no price increase for Parcel Select Ground, which continues to be a reliable and economical shipping option. The pricing for USPS Connect Local will remain unchanged. This service provides businesses with an affordable same-day and next-day delivery for their local customers.
In addition, some Priority Mail flat-rate retail product prices will be reduced compared with the temporary rate adjustment currently in place, and Priority Mail commercial rates will increase by only 3.6 percent, well below the rate of inflation.
Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent. The PRC will review the prices before they are scheduled to take effect.
details at: https://about.usps.com/newsroom/national-releases/2022/1110-usps-announces-new-competitive-prices-for-2023.htm