U.S. Postmaster General Louis DeJoy responds to a question during an interview with Reuters at the U.S. Postal Service Headquarters in Washington, U.S., April 20, 2022. Picture taken April 20, 2022. Credit: Leah Millis / Reuters

President-elect Donald Trump’s incoming administration is considering major reforms to the U.S. Postal Service (USPS) that include privatizing the agency, according to a new report.

The Washington Post’s Jacob Bogage, Jacqueline Alemany and Jeff Stein wrote recently that Trump has expressed a “keen interest” in privatizing the USPS in conversations with transition co-chair and Commerce Secretary-designate Howard Lutnick. If he succeeds, it could result in uncertainty for both businesses that depend on the USPS and for the agency’s 600,000+ member workforce.

Trump floated the idea in response to hearing of USPS’ $9.5 billion in losses as of the current fiscal year ending September 30, saying the U.S. “shouldn’t subsidize” the agency. But as the carrier of choice for many vendors due to its ability to deliver to far-flung, remote locations, the Post reported that privatizing the USPS may be a more […]

Read the Full Article