Index Investing News
Tuesday, February 17, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Louis DeJoy exits as US Postal Service head after 5 years

by Index Investing News
March 25, 2025
in World
Reading Time: 3 mins read
A A
0
Home World
Share on FacebookShare on Twitter

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.



Source link

Tags: DeJoyexitsLouispostalserviceYears
ShareTweetShareShare
Previous Post

First Eggs, Now Orange Costs Crash Most In Half Century – FREEDOMBUNKER

Next Post

New Building House Combines Privateness, Performance, and Refined Design

Related Posts

Dana Eden, co-creator of Israeli TV series Tehran, found dead in Athens hotel: police

Dana Eden, co-creator of Israeli TV series Tehran, found dead in Athens hotel: police

by Index Investing News
February 16, 2026
0

Listen to this articleEstimated 3 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We...

Severe flooding in the city of Rio de Janeiro, Brazil on February 9 and 11 — Earth Changes — Sott.net

Severe flooding in the city of Rio de Janeiro, Brazil on February 9 and 11 — Earth Changes — Sott.net

by Index Investing News
February 12, 2026
0

Nature in FuryYouTubeTue, 10 Feb 2026 11:39 UTC On Monday, February 9, 2026, Rio de Janeiro entered stage 3 of...

Iran defies Trump on uranium enrichment — RT World News

Iran defies Trump on uranium enrichment — RT World News

by Index Investing News
February 8, 2026
0

Tehran has the legal right to pursue a peaceful nuclear program, Foreign Minister Abbas Araghchi has said Iran will not...

What happened to India-hater MAGA influencer Elijah Schaffer? Conspiracy theories abound over deleted posts on wife, kids, FBI

What happened to India-hater MAGA influencer Elijah Schaffer? Conspiracy theories abound over deleted posts on wife, kids, FBI

by Index Investing News
February 4, 2026
0

MAGA influencer Elijah Schaffer threw X into a tizzy after he made several posts and then deleted some, triggering speculations...

Their Protection is Not, With Exceptions – The Cipher Brief

Their Protection is Not, With Exceptions – The Cipher Brief

by Index Investing News
January 31, 2026
0

OPINION — The pace of U.S. national-security launches over the past several months has been staggering. But buried beneath the...

Next Post
New Building House Combines Privateness, Performance, and Refined Design

New Building House Combines Privateness, Performance, and Refined Design

China releases Mintz staff from detention after 2 years

China releases Mintz staff from detention after 2 years

RECOMMENDED

One other Twist In The Story Of Falling Ipl Viewership

One other Twist In The Story Of Falling Ipl Viewership

May 5, 2022
“WINNER IN MY HEART” — RuPaul’s Drag Race followers react to Sam Star’s finale loss

“WINNER IN MY HEART” — RuPaul’s Drag Race followers react to Sam Star’s finale loss

April 19, 2025
How to Change Your Financial Life with a Money “Reset”

How to Change Your Financial Life with a Money “Reset”

April 12, 2023
Stocks moving big midday: CAVA, DPZ, KR, LEN

Stocks moving big midday: CAVA, DPZ, KR, LEN

June 15, 2023
Watch a whole lot of courageous Gazans cry ‘Hamas OUT’ as uncommon peace protests towards terror regime’s warfare with Israel erupt

Watch a whole lot of courageous Gazans cry ‘Hamas OUT’ as uncommon peace protests towards terror regime’s warfare with Israel erupt

March 26, 2025
A Panicked Putin Calls Up Reserves and the Nuclear Threat – Again

A Panicked Putin Calls Up Reserves and the Nuclear Threat – Again

September 22, 2022
Canada goes the Washington approach on tariffs

Canada goes the Washington approach on tariffs

September 2, 2024
Every player ruled out of Premier League title clash

Every player ruled out of Premier League title clash

March 27, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In