USPS Postmaster General Louis DeJoy has informed the board that it's time to find his successor. DeJoy's tenure has been marked by controversy over service cuts and financial losses. His departure coincides with a 10-year restructuring plan aimed at stabilizing the USPS.
Postmaster General Louis DeJoy has informed the U.S. Postal Service's board that it's time to initiate the process of selecting his successor to head the 250-year-old postal network, the USPS announced on Tuesday. While the exact timing of DeJoy's departure remains undisclosed, his tenure has been characterized by significant controversy.DeJoy, who boasts a background in private sector logistics, was appointed to his current position in 2020.
His leadership has been met with criticism from the outset, particularly concerns that service reductions would impede vote-by-mail efforts during that year's presidential election. Currently, DeJoy's departure from the USPS coincides with a comprehensive 10-year restructuring plan he has implemented. This plan encompasses measures such as increased postal rates, slower standard delivery, and the closure of numerous post offices, all aimed at mitigating the Postal Service's financial distress.Initially, under DeJoy's plan presented in 2021, the USPS aimed to achieve profitability by fiscal year 2024. However, they instead reported two consecutive years of escalating losses. In November, the Postal Service revealed its annual loss had widened to nearly $10 billion in the fiscal year ending September 30, 2024, compared to a loss of $6.5 billion the previous year. The Postal Service attributed this expanded deficit to billions spent on non-cash contributions to worker compensation. 'There remains much critical work to be done to ensure that the Postal Service can be financially viable,' DeJoy stated in a press release. He asserted that the service possesses 'ironclad plans' to reduce costs by over $4 billion annually and increase revenue by more than $5 billion. DeJoy's announcement of his departure, a prominent fundraiser for former President Donald Trump, grants the White House an opportunity to influence the selection of his successor. While the President does not directly appoint the postmaster, this development allows for presidential input in the process
USPS LOUIS DEJOY POSTMASTER GENERAL SUCCESSION FINANCIAL CHALLENGES RESTRUCTURING VOTE-BY-MAIL
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