This agreement provides that the Post Office has the right, at its sole discretion, to return to the latest Priority Mail Commercial Plus prices for parcels shipped in the following year if the postman does not meet the annual volume commitment. On Monday, Workhorse announced that it had secured $200 million in financing from two institutional lenders through a fictitious purchase agreement. Pre-revenue revenues are expected to be approximately $194.5 million, some of which will be used to accelerate production, bring new products to market and replace old additional cost financing. DeJoy said the two agencies would formally approve the agreement with credit documents that “will be developed together in the coming weeks.” We summarized the main features of the contract in the NALC Bulletin, which is sent to stations and offices across the country. Full details of the interim agreement, as well as the forward-looking pay schedules, other contractual changes and information relating to the new Declarations of Intent (MOUs), will be presented in the December issue of The Postal Record. They will also be distributed in the coming days on the union`s electronic platforms. “Today, I am pleased to announce that NALC and the U.S. Postal Service have reached an interim agreement on a new national contract, a goal we have been working on continuously over the past 17 months. As I have pointed out on several occasions, NALC has taken a two-tiered approach to reaching a new national agreement, with negotiations underway and the presentation of the best possible case for our proposals in derinseschied. I am proud of the case and the evidence we have accumulated in the interest of arbitration, but I am all the more pleased that the factors can now decide whether or not to accept this provisional agreement in a ratification vote in accordance with the procedure described in the NALC Constitution. “This agreement is economically responsible, fair to our employees and positions the Post Office for continued success as a provider of delivery services of choice to the American public,” said Doug Tulino, Director of Personnel. The Mailer corresponded to four of the five main contractual provisions that we audited, including the type of e-mail and zone rates, the authorization number and the payment system. However, the factor did not take into account the annual volume commitment.
In particular in the first year of the NSA the Mailer delivered only less than necessary. In the second year of the NSA (until May 31, 2020), the mailer delivered less than during the same period of the previous year.