JOURNAL ARTICLE

The Trump donor whom Biden can't fire is running the U.S. Postal Service directly into the ground—just what everyone warned about when he was confirmed during the pandemic.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lake, Sydney 3 of 3

Abstract

The article focuses on the challenges facing the United States Postal Service (USPS) under the leadership of Postmaster General Louis DeJoy, including a proposed 8% price increase for stamps and ongoing financial losses. DeJoy, who has been in his position since June 2020 and lacks prior USPS experience, has overseen a significant net loss of $2.1 billion in the first quarter of fiscal 2024. Experts express concerns about the sustainability of USPS's operations, citing rising prices, declining mail volumes, and the need for modernization as key issues. Despite these challenges, DeJoy maintains that he has a 10-year plan to improve the agency's financial and service performance. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:176558285
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