President-elect Donald Trump is reportedly considering reviving his plans to overhaul the US Postal Service (USPS), a move that could have significant implications for e-commerce giants, government jobs, and delivery services in remote areas.
Trump’s interest in rethinking USPS comes as the agency faces its fifth consecutive year of losses. The USPS has reported losses of $9.5 billion in its latest fiscal year, with some critics arguing it provides subpar service and is bloated. Republicans have been vocal about their discontent, with Representative Marjorie Taylor Greene calling for “real reform” to stop wasting taxpayer dollars.
The USPS has faced criticism from both parties, with Democrats expressing concerns about privatization and its potential consequences. Postmaster General Louis DeJoy, who took over in 2020, has introduced a 10-year plan to rescue the agency but has faced scrutiny from Republicans.
Trump’s plans for USPS overhaul are unclear, but sources close to him have discussed potential options, including privatizing the agency. The USPS has been exploring ways to modernize and optimize its services, including adding automation equipment.
The US Postal Service plays a vital role in delivering mail and packages across the country, with a universal service obligation enshrined in the US Constitution. Its universal service is especially important for remote areas, where access to delivery services can be limited.
As Trump considers his plans, it remains to be seen how he will balance competing interests and priorities. The fate of USPS hangs in the balance, with significant implications for e-commerce giants, government jobs, and delivery services nationwide.
Source: https://www.axios.com/2024/12/14/trump-postal-service-overhaul-privatization-usps