Postmaster Louis DeJoy has notified the U.S. Postal Service board that it is time to begin the process of identifying successors leading the postal network from 250 years ago, USPS announced Tuesday. I did.
No details were given regarding the timing of the Dejoy exit.
After a career in private sector logistics, DeJoy was appointed to his current position in 2020. His tenure was characterized by controversy, starting with concerns that service cuts would hinder voting efforts in the presidential election that year.
Dejoy’s plan to leave USPS is 10 years overhaul he adjusted – Including increased postal charges, slower standard delivery, and reduced post offices – preventing financial bleeding in postal services.
Under Dejoy’s original plan introduced in 2021, USPS targeted the 2024 return turn to profits, but instead reported a second consecutive year of increased losses.
Postal Services in November reported that annual losses had increased to nearly $10 billion for the fiscal year ending September 30, 2024. The previous year’s $6.5 billion. The Postal Service cited the billions spent on non-cash contributions to workers’ compensation behind the expanded pool of Red Ink.
“There is a lot of important work to do to ensure that the postal service is financially viable,” DeJoy said in a statement. The service is equipped with what Dejoy says is an “IronClad plan” to cut more than $4 billion a year and increase revenues by over $5 billion.
The announced departure by President Donald Trump’s renowned fundraiser, DeJoy, gives him the opportunity to influence his decision to replace him from the Post Office with the White House.
