Franklin Lakes NJ company earns mailing industry honors

Franklin Lakes, NJ — Medco, with corporate headquarters in Franklin Lakes NJ, was recently recognized by the Postal Service at the National Postal Forum in Washington D.C. with an award for their commitment to the mailing industry and their participation in a successful business partnership with the Postal Service. Medco, a leading pharmacy benefit management company with the nation’s largest mail order-pharmacy operation, was nominated for the award by USPS Expedited Shipping Vice President Gary Reblin.

Medco was honored for their efforts in partnering with the Postal Service on a customized agreement for Priority Mail Open and Distribute. Formerly known in the mailing industry as Priority Mail Drop Ship, Priority Mail Open and Distribute is a premium service for mailers who want to expedite mailings of other classes of mail to destination postal facilities—at the speed of Priority Mail. Medco has become the Postal Service’s largest Priority Mail Drop Ship customer in the country.

The Postal Accountability and Enhancement Act of 2006 provides the Postal Service with more flexibility for its competitive products, and allowed the USPS to create a competitive price for Priority Mail Open and Distribute.

For more National Postal Forum information, visit www.npf.org. Extensive postal information is always available online 24/7 at USPS.com.

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An independent federal agency, the U.S. Postal Service is the only delivery service that reaches every address in the nation, 149 million residences, businesses and Post Office Boxes, six days a week. It has 34,000 retail locations and relies on the sale of postage, products and services, not tax dollars, to pay for operating expenses. Named the Most Trusted Government Agency five consecutive years by the Ponemon Institute, the Postal Service has annual revenue of $75 billion and delivers nearly half the world’s mail.