Change in Rates and Classes of General Applicability for Competitive Products, 31292-31293 [2023-10374]
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31292
Federal Register / Vol. 88, No. 94 / Tuesday, May 16, 2023 / Notices
includes the draft Mail Classification
Schedule sections with classification
changes in legislative format.
First introduced in August 2020 at the
height of the COVID–19 pandemic, the
Loyalty Program proved to be a valuable
incentive program for the Postal
Service’s small and micro business
customers who utilize Click-N-Ship to
ship packages at Retail rates. Despite the
successes of the Loyalty Program,
management has determined to offer a
new opportunity for its small and micro
business customers by permitting them
to access commercial rates via Click-NShip. Accordingly, management has
deemed it appropriate to begin to sunset
the existing Loyalty Program over the
next twelve months.
Beginning on June 10, 2023, Loyalty
Program customers will no longer be
able to earn additional credits on
Priority Mail Express and Priority Mail
shipments via Click-N-Ship. Credits
must then be redeemed no later than
June 9, 2024, which will conclude the
one-year wind down period. Customers
will be able to redeem their credits on
Priority Mail Express and Priority Mail
shipments that are made at Commercial
rates during this wind down period.
After the conclusion of this wind down
period in 2024, the Postal Service
intends to remove the Loyalty Program
from the Mail Classification Schedule in
a subsequent Commission filing.
Order
The changes in classification set forth
herein shall be effective on June 10,
2023. We direct the Secretary to have
this decision published in the Federal
Register in accordance with 39 U.S.C.
3632(b)(2), and direct management to
file with the Postal Regulatory
Commission appropriate notice of these
changes.
Michael J. Elston,
Secretary of the Board of Governors.
[FR Doc. 2023–10375 Filed 5–15–23; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Change in Rates and Classes of
General Applicability for Competitive
Products
Postal ServiceTM.
ACTION: Notice of a change in rates and
classifications of general applicability
for competitive products.
AGENCY:
This notice sets forth changes
in rates and classifications of general
applicability for competitive products.
DATES: Applicable: July 9, 2023.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: On May 9,
2023, pursuant to their authority under
39 U.S.C. 3632, the Governors of the
Postal Service established prices and
classification changes for competitive
products. The Governors’ Decision and
the record of proceedings in connection
with such decision are reprinted below
in accordance with section 3632(b)(2).
Mail Classification Schedule language
containing the new prices and
classification changes can be found at
www.prc.gov.
SUMMARY:
Tram T. Pham,
Attorney, Ethics and Legal Compliance.
Decision of the Governors of the United
States Postal Service on Changes in
Rates and Classifications of General
Applicability for Competitive Products
(Governors’ Decision No. 23–3)
May 9, 2023
Statement of Explanation and
By The Governors:
Justification
/s/ lllllllllllllllllll
Pursuant to authority under section
Roman Martinez IV,
3632
of title 39, as amended by the
Chairman, Board of Governors.
Postal Accountability and Enhancement
Act of 2006 (‘‘PAEA’’), we establish
prices and classifications of general
applicability for the Postal Service’s
Certification of Governors’ Vote on
competitive products. The changes are
Governors’ Decision No. 23–4
described generally below, with a
Consistent with 39 U.S.C. 3632(a), I
detailed description of the changes in
hereby certify that, on May 9, 2023, the
the Postal Service’s associated draft
Governors voted on adopting Governors’ Mail Classification Schedule change
Decision No. 23–4, and that a majority
document. That document contains the
of the Governors then holding office
draft Mail Classification Schedule
voted in favor of that Decision.
sections with classification changes in
/s/ lllllllllllllllllll legislative format, and new prices
displayed in the price charts.
Date: May 9, 2023
lotter on DSK11XQN23PROD with NOTICES1
United States Postal Service Office of
the Board of Governors
VerDate Sep<11>2014
17:33 May 15, 2023
Jkt 259001
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
As shown in the nonpublic annex
being filed under seal herewith, the
changes we establish should enable
each competitive product to cover its
attributable costs (39 U.S.C. 3633(a)(2))
and should result in competitive
products as a whole complying with 39
U.S.C. 3633(a)(3), which, as
implemented by 39 CFR 3035.107(c),
requires competitive products
collectively to contribute a minimum of
10.4 percent to the Postal Service’s
institutional costs. Accordingly, no
issue of subsidization of competitive
products by market dominant products
should arise (39 U.S.C. 3633(a)(1)). We
therefore find that the new prices and
classification changes are in accordance
with 39 U.S.C. 3632–3633 and 39 CFR
3035.102 and 104.
I. Domestic Products
A. Priority Mail Express
Priority Mail Express prices will
remain unchanged for July 2023, and
the existing structure of Retail and
Commercial price categories will be
maintained.
B. Priority Mail
Priority Mail prices will remain
unchanged for July 2023, and the
existing structure of Retail and
Commercial price categories will be
maintained.
C. Parcel Select
On average, Parcel Select prices as a
whole will increase 1.4 percent. Prices
for destination-entered non-Lightweight
Parcel Select, the Postal Service’s bulk
ground shipping product, will increase
2.1 percent on average. For destination
delivery unit (DDU) entered parcels,
prices will remain unchanged. For
destination sectional center facility
(DSCF) destination entered parcels, the
average price increase is 5.7 percent. For
destination network distribution center
(DNDC) parcels, the average price
increase is 0.9 percent. No additional
price changes for destination hub
(DHub) parcels are planned beyond
what we previously established in
Governors’ Decision 23–2. Prices for
Parcel Select Lightweight will decrease
by 0.1 percent on average. Prices for
USPS Connect Local, introduced in
2022, will remain unchanged for 2023.
To accommodate mailers’ concerns
regarding programming changes, the
Postal Service will maintain its ouncebased prices at 15.999 ounces, as well
as including a one-pound price. No
other structural changes are proposed.
E:\FR\FM\16MYN1.SGM
16MYN1
31293
Federal Register / Vol. 88, No. 94 / Tuesday, May 16, 2023 / Notices
D. First-Class Package Service
(Renamed USPS Ground Advantage)
Consistent with the prior order of the
Postal Regulatory Commission in
October of 2022, the Postal Service
intends to implement the enhanced and
expanded First-Class Package Service
(FCPS) product. Beginning on July 9,
2023, FCPS will be extended up to
seventy pounds, will incorporate USPS
Retail Ground (including Limited
Overland Routes) and Parcel Select
Ground (including cubic pricing), and
will be renamed USPS Ground
Advantage. Minor price changes are
planned for FCPS as it transitions to
USPS Ground Advantage in July 2023.
Prices for the Limited Overland Routes
(LOR) will remain unchanged. As the
newly-constituted USPS Ground
Advantage product, customers will see
a 3.2 percent decrease in Retail prices
and 0.7 percent decrease in Commercial
prices for July 2023. To accommodate
mailers’ concerns regarding
programming changes, the Postal
Service will maintain its ounce-based
prices at 15.999 ounces, as well as
including a one-pound price. No other
structural changes are proposed.
F. Domestic Extra Services
Domestic Special Services prices will
remain unchanged for July 2023.
II. International Products
A. International Ancillary Services and
Special Services
Prices for several international
ancillary services will be increased,
with an average overall increase of 6.3
percent.
No other price or classification
changes for International Products are
being made.
Order
The changes in prices and classes set
forth herein shall be effective at 12:01
a.m. on July 9, 2023. We direct the
Secretary to have this decision
published in the Federal Register in
accordance with 39 U.S.C. 3632(b)(2)
and direct management to file with the
Postal Regulatory Commission
appropriate notice of these changes.
United States Postal Service Office of
the Board of Governors
Certification of Governors’ Vote on
Governors’ Decision No. 23–3
Consistent with 39 U.S.C. 3632(a), I
hereby certify that, on May 9, 2023, the
Governors voted on adopting Governors’
Decision No. 23–3, and that a majority
of the Governors then holding office
voted in favor of that Decision.
lotter on DSK11XQN23PROD with NOTICES1
VerDate Sep<11>2014
17:33 May 15, 2023
Date: May 9, 2023,
Michael J. Elston,
Secretary of the Board of Governors.
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
[FR Doc. 2023–10374 Filed 5–15–23; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–97471; File No. SR–
NASDAQ–2023–011]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend
Options 7, Section 2
May 10, 2023.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on May 1,
2023, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I and
II below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
2 17
Jkt 259001
Pricing Schedule at Options 7, Section
2.
The text of the proposed rule change
is available on the Exchange’s website at
https://listingcenter.nasdaq.com/
rulebook/nasdaq/rules, at the principal
office of the Exchange, and at the
Commission’s Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
/s/ lllllllllllllllllll Change
Customer ..........................................................................
Professional .....................................................................
Broker-Dealer ...................................................................
Firm ..................................................................................
Non-NOM Market Maker ..................................................
NOM Market Maker .........................................................
U.S.C. 78s(b)(1).
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
By The Governors:
/s/ lllllllllllllllllll
The Exchange proposes to amend The
Roman Martinez IV,
Nasdaq
Options Market LLC (‘‘NOM’’)
Chairman, Board of Governors.
Tier 1
1 15
solicit comments on the proposed rule
change from interested persons.
PO 00000
($0.20)
(0.20)
(0.10)
(0.10)
(0.10)
(0.20)
Tier 2
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
NOM’s Pricing Schedule at Options 7,
Section 2(1), ‘‘Nasdaq Options Market—
Fees and Rebates.’’ Specifically, the
Exchange proposes to amend note 2
within Options 7, Section 2(1).
Today, NOM Options 7, Section 2(1)
provides for various fees and rebates
applicable to NOM Participants.
Specifically, the Exchange pays the
following Rebates to Add Liquidity in
Penny Symbols:
Tier 3
($0.25)
(0.25)
(0.10)
(0.10)
(0.10)
(0.25)
($0.43)
(0.43)
(0.10)
(0.10)
(0.10)
4 (0.30)
Tier 4
($0.44)
(0.44)
(0.10)
(0.10)
(0.10)
4 (0.32)
CFR 240.19b–4.
Frm 00076
Fmt 4703
Sfmt 4703
E:\FR\FM\16MYN1.SGM
16MYN1
Tier 5
($0.45)
(0.45)
(0.10)
(0.10)
(0.10)
(0.44)
Tier 6
7 ($0.48)
(0.47)
(0.10)
(0.10)
(0.10)
(0.48)
]]>Agencies
[Federal Register Volume 88, Number 94 (Tuesday, May 16, 2023)]
[Notices]
[Pages 31292-31293]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10374]
-----------------------------------------------------------------------
POSTAL SERVICE
Change in Rates and Classes of General Applicability for
Competitive Products
AGENCY: Postal ServiceTM.
ACTION: Notice of a change in rates and classifications of general
applicability for competitive products.
-----------------------------------------------------------------------
SUMMARY: This notice sets forth changes in rates and classifications of
general applicability for competitive products.
DATES: Applicable: July 9, 2023.
FOR FURTHER INFORMATION CONTACT: Elizabeth Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: On May 9, 2023, pursuant to their authority
under 39 U.S.C. 3632, the Governors of the Postal Service established
prices and classification changes for competitive products. The
Governors' Decision and the record of proceedings in connection with
such decision are reprinted below in accordance with section
3632(b)(2). Mail Classification Schedule language containing the new
prices and classification changes can be found at www.prc.gov.
Tram T. Pham,
Attorney, Ethics and Legal Compliance.
Decision of the Governors of the United States Postal Service on
Changes in Rates and Classifications of General Applicability for
Competitive Products (Governors' Decision No. 23-3)
May 9, 2023
Statement of Explanation and Justification
Pursuant to authority under section 3632 of title 39, as amended by
the Postal Accountability and Enhancement Act of 2006 (``PAEA''), we
establish prices and classifications of general applicability for the
Postal Service's competitive products. The changes are described
generally below, with a detailed description of the changes in the
Postal Service's associated draft Mail Classification Schedule change
document. That document contains the draft Mail Classification Schedule
sections with classification changes in legislative format, and new
prices displayed in the price charts.
As shown in the nonpublic annex being filed under seal herewith,
the changes we establish should enable each competitive product to
cover its attributable costs (39 U.S.C. 3633(a)(2)) and should result
in competitive products as a whole complying with 39 U.S.C. 3633(a)(3),
which, as implemented by 39 CFR 3035.107(c), requires competitive
products collectively to contribute a minimum of 10.4 percent to the
Postal Service's institutional costs. Accordingly, no issue of
subsidization of competitive products by market dominant products
should arise (39 U.S.C. 3633(a)(1)). We therefore find that the new
prices and classification changes are in accordance with 39 U.S.C.
3632-3633 and 39 CFR 3035.102 and 104.
I. Domestic Products
A. Priority Mail Express
Priority Mail Express prices will remain unchanged for July 2023,
and the existing structure of Retail and Commercial price categories
will be maintained.
B. Priority Mail
Priority Mail prices will remain unchanged for July 2023, and the
existing structure of Retail and Commercial price categories will be
maintained.
C. Parcel Select
On average, Parcel Select prices as a whole will increase 1.4
percent. Prices for destination-entered non-Lightweight Parcel Select,
the Postal Service's bulk ground shipping product, will increase 2.1
percent on average. For destination delivery unit (DDU) entered
parcels, prices will remain unchanged. For destination sectional center
facility (DSCF) destination entered parcels, the average price increase
is 5.7 percent. For destination network distribution center (DNDC)
parcels, the average price increase is 0.9 percent. No additional price
changes for destination hub (DHub) parcels are planned beyond what we
previously established in Governors' Decision 23-2. Prices for Parcel
Select Lightweight will decrease by 0.1 percent on average. Prices for
USPS Connect Local, introduced in 2022, will remain unchanged for 2023.
To accommodate mailers' concerns regarding programming changes, the
Postal Service will maintain its ounce-based prices at 15.999 ounces,
as well as including a one-pound price. No other structural changes are
proposed.
[[Page 31293]]
D. First-Class Package Service (Renamed USPS Ground Advantage)
Consistent with the prior order of the Postal Regulatory Commission
in October of 2022, the Postal Service intends to implement the
enhanced and expanded First-Class Package Service (FCPS) product.
Beginning on July 9, 2023, FCPS will be extended up to seventy pounds,
will incorporate USPS Retail Ground (including Limited Overland Routes)
and Parcel Select Ground (including cubic pricing), and will be renamed
USPS Ground Advantage. Minor price changes are planned for FCPS as it
transitions to USPS Ground Advantage in July 2023. Prices for the
Limited Overland Routes (LOR) will remain unchanged. As the newly-
constituted USPS Ground Advantage product, customers will see a 3.2
percent decrease in Retail prices and 0.7 percent decrease in
Commercial prices for July 2023. To accommodate mailers' concerns
regarding programming changes, the Postal Service will maintain its
ounce-based prices at 15.999 ounces, as well as including a one-pound
price. No other structural changes are proposed.
F. Domestic Extra Services
Domestic Special Services prices will remain unchanged for July
2023.
II. International Products
A. International Ancillary Services and Special Services
Prices for several international ancillary services will be
increased, with an average overall increase of 6.3 percent.
No other price or classification changes for International Products
are being made.
Order
The changes in prices and classes set forth herein shall be
effective at 12:01 a.m. on July 9, 2023. We direct the Secretary to
have this decision published in the Federal Register in accordance with
39 U.S.C. 3632(b)(2) and direct management to file with the Postal
Regulatory Commission appropriate notice of these changes.
By The Governors:
/s/--------------------------------------------------------------------
Roman Martinez IV,
Chairman, Board of Governors.
United States Postal Service Office of the Board of Governors
Certification of Governors' Vote on Governors' Decision No. 23-3
Consistent with 39 U.S.C. 3632(a), I hereby certify that, on May 9,
2023, the Governors voted on adopting Governors' Decision No. 23-3, and
that a majority of the Governors then holding office voted in favor of
that Decision.
/s/--------------------------------------------------------------------
Date: May 9, 2023,
Michael J. Elston,
Secretary of the Board of Governors.
[FR Doc. 2023-10374 Filed 5-15-23; 8:45 am]
BILLING CODE 7710-12-P
