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Louis DeJoy exits as US Postal Service head after 5 years

by Index Investing News
March 25, 2025
in World
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DeJoy had mentioned in February that he had meant to step down however hadn’t set a date.

WASHINGTON — The top of the beleaguered U.S. Postal Service, Louis DeJoy, resigned Monday after almost 5 years within the place, leaving as President Donald Trump and Elon Musk’s Division of Authorities Effectivity have floated the thought of privatizing mail service.

DeJoy had mentioned final month he deliberate to step down however hadn’t set a date. He leaves an company with an unsure future. Trump has mentioned he’s contemplating placing USPS beneath the management of the Commerce Division in an try and cease losses on the $78 billion-a-year company, which has operated as an unbiased entity since 1970. It has struggled at instances to stability the books with the decline of first-class mail.

Deputy Postmaster Basic Doug Tulino will tackle the function till the Postal Service Board of Governors names a everlasting alternative for DeJoy, who turned postmaster normal in the summertime of 2020 throughout Trump’s first time period. He was a Republican donor who owned a logistics enterprise and was the primary individual to carry the place in almost twenty years who was not a profession postal worker.

DeJoy’s tenure was marked by the COVID-19 pandemic, surges in mail-in election ballots and efforts to stem losses via value and repair cuts.

“I consider strongly that the group is nicely positioned and able to carrying ahead and totally implementing the numerous methods and initiatives that comprise our transformation and modernization, and I’ve been working carefully with the Deputy Postmaster Basic to organize for this transition, DeJoy mentioned in an announcement.

He added that “a lot work stays that’s essential to maintain our optimistic trajectory.”

The Nationwide Affiliation of Letter Carriers’ president, Brian L. Renfroe, mentioned in an announcement Monday that the union stands able to work with whomever the board selects as the following postmaster normal.

“The way forward for the Postal Service is on the road, and selecting somebody with progressive concepts and appreciation for our Constitutionally mandated service is important,” Renfroe mentioned.

The Postal Service Board of Governors mentioned in an announcement Monday night that they’d retained international search agency Egon Zehnder to assist discover the company’s subsequent chief. There is not any established timeline for when the announcement of the following postmaster normal shall be made, the assertion mentioned.

Earlier this month, DeJoy mentioned he deliberate to chop 10,000 employees and billions of {dollars} from the USPS finances and he’d do this working with DOGE, in keeping with a letter despatched to members of Congress.

USPS employees, together with mail carriers, have gathered over the previous week to protest the cuts and the plan they are saying will dismantle the service.

Critics of the plan concern adverse results of the cuts shall be felt throughout the nation. Democratic U.S. Rep. Gerald Connolly, of Virginia, has mentioned in response that turning over the service to DOGE would lead to it being undermined and privatized.

USPS employs about 640,000 employees who ship mail, drugs, election ballots and packages throughout the nation, from interior cities to rural areas and far-flung islands.

The USPS has been largely self-funded since 1970. The majority of its annual $78.5 billion finances comes from buyer charges, in keeping with the Congressional Analysis Service. Congress gives a comparatively small annual appropriation — about $50 million in fiscal yr 2023 — to subsidize free and reduced-cost mail companies.



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