Postmaster General (PMG) Louis DeJoy told Senate lawmakers Friday that the U.S. Postal Service (USPS) must be “liberated” from long-standing restrictions on how it prices products and services, claiming it has cumulatively lost about $80 billion just from the lack of rate flexibility to respond to changing market conditions.
In his first congressional testimony since becoming PMG June 15, DeJoy also said that USPS is studying ways to make its last-mile parcel services more profitable. There are...
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