Business Management - Finance/Financial

The Postal Regulatory Commission released its examination of the U.S. Postal Service’s financial results and 10-K Statements for Fiscal Year 2020. Despite an increase in Competitive products revenue, the Commission’s overall analysis supports the conclusion that the USPS is on a highly unstable financial path.

Due to rising demand particularly in China, parts of Europe and, in the final quarter, also in the U.S., incoming orders rose to a high level of around $2.42 billion by the end of the financial year.

Raising revenue to pay for this bill will cause an all-out food fight amongst sectors of the business community.

The USPS released its long-anticipated 10-year strategic plan this week and it’s a decidedly mixed bag for the commercial mailing sector, a supply chain that includes printing and packaging, and one that in 2019 generated an estimated $1.6 trillion in sales.

U.S. Government Publishing Office Director Hugh Nathanial Halpern presented GPO’s FY 2022 appropriations request before the U.S. House Subcommittee on Legislative Branch Appropriations. Is it the first time since FY 2014 GPO has asked for a major increase in appropriations.

There’s a two-week window during which lenders will be exclusively servicing micro-businesses seeking loans through the Paycheck Protection Program.

U.S. House of Representatives Committee on Oversight and Reform recently held a hearing to review legislative proposals that represents the first step in advancing postal reform legislation through the 117th Congress.

These industry experts believe they can discern what the commercial printing industry can expect in 2021.

Xerox has announced organizational changes to support its plans to launch a trio of new businesses aimed at delivering long-term growth in 2021.

Xerox says its operating cash flow increased in Q4, compared to Q3. The company plans to create separate software, financing, and innovation businesses, and launch a $250 million corporate venture capital fund.