PMG supports movement toward new pricing policies

Postmaster General (PMG) Jack Potter appeared before a con­gressional subcommit­tee recently to support progress toward estab­lishing new pricing poli­cies mandated by the Postal Act of 2006. His testimony came a day after the Postal Regula­tory Commission approved new rules — eight months ahead of schedule — on a new regulatory system for pricing.

Potter welcomed the new law’s price-setting standards. He said the 2006 Act eliminates the “length and complex­ity” of the old price-setting process. Potter said the law, combined with new technology, gives USPS “the flexibility to adjust prices and product offerings promptly in response to dynamic market conditions and changing customer needs.”

Potter said the Postal Service’s ability to respond quickly to market conditions and technology fits today’s marketplace. “This is important to our long-term success in providing everyone in America with affordable, universal mail service,” he said.