PIA Commends PRC for Rejecting Postal Hike
Printing Industries of America commended the decision of the Postal Regulatory Commission (PRC) to reject the exigent postal rate increase requested by the United States Postal Service (USPS) this past July.
Printing Industries of America member companies had actively sought to educate the PRC and Congress as to the disastrous impact an exigent rate hike could have on the mailing community as it struggles to regain its economic footing.
Michael Makin, President and CEO of Printing Industries of America, applauded the PRC decision, stating that it was "right on the policy, right on the law, and, most importantly, right for business. Tens of thousands of jobs in the printing industry and throughout the mailing supply chain have been saved by this decision. As printers continue to struggle with economic and regulatory uncertainty, the PRC decision is one bright spot as the industry seeks growth opportunities in the mailing and fulfillment market."
The proposed rate hikes, which were to have taken effect next January, would
have added $3 billion annually to the nation's postal bill even though the rate
of inflation is close to zero.
The PRC decision reaffirms that the Postal Service must limit rate increases to the rate of inflation, as the law requires.
"Printing Industries of America was a leading champion of the 2006 Postal
Accountability and Enhancement Act, the clear intent of which was to provide
more affordability and predictability to printers, mailers and their customers,"
said Makin. "We applaud the PRC for recognizing Congressional intent and for not allowing a lowering of the bar on the definition of true exigent circumstances."
For more information, visit www.printing.org.