U.S. Postal Service results took a turn for the worse in the second quarter, with net loss more than doubling to $3.3 billion from $1.5 billion year over year, primarily due to accounting adjustments for mandated workforce benefits. The negative growth comes on the heels of a rare profit in the first quarter.
The adjusted loss, which excludes nonoperating expenses the agency can’t control, also more than doubled to $848 million from $317 million for the same quarter last year. In the first...
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Some may question whether President Donald Trump’s method of hastily smashing apart government agencies will actually bring about proclaimed reforms, but his view on moving the U.S. Postal Service under the executive branch, and privatizing it at some point, has merit.
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https://www.freightwaves.com/news/us-postal-service-belongs-under-executive-branch
The U.S. Postal Service’s governing body on Friday announced it has selected FedEx board member David Steiner to be the nation’s 76th postmaster general and CEO, raising concerns from major unions about potential conflicts of interest and the Trump administration’s influence over the decision.
Steiner will succeed Louis DeJoy, who also came from the logistics sector and left office in March over reported disagreements with the White House about how much control to relinquish to a budget-cutting...
The U.S. Postal Service’s governing board plans to select FedEx board member and former Waste Management CEO David Steiner as the next postmaster general after he was approved by President Donald Trump, according to an exclusive report by The Washington Post.
The newspaper said FedEx, which competes and partners with the Postal Service on package delivery, pushed Steiner before the White House as a candidate for the job. Last year, the mail service replaced FedEx with UPS on a major contract to...
https://www.freightwaves.com/news/trump-supports-fedex-official-for-postal-service-chief-report-says
The wall of a U.S. Postal Service distribution center in Tampa, Florida, collapsed Monday night, bringing down the roof, according to officials and local media reports.
“We can confirm that a partial building collapse occurred at the Ybor City Package Support Annex at approximately 9:20 p.m. on April 28. No employees were injured due to this incident. This facility is not open to the public, so no customers were present. Experts are on site now to evaluate the building and determine the cause,...
https://www.freightwaves.com/news/wall-collapse-closes-postal-service-package-center-in-tampa
Chattanooga, TN – April 22, 2025 – FreightWaves, the leading provider of data, analytics, and news for the global logistics industry, completed its acquisition of PostalMag.com, a premier source for U.S. postal and parcel news. This acquisition enhances FreightWaves’ mission to deliver unparalleled insights across all aspects of the transportation and logistics ecosystem.
PostalMag.com is a trusted platform for professionals, businesses, and stakeholders seeking authoritative reporting on the...
Louis DeJoy’s effort to turnaround the U.S. Postal Service’s financial fortunes was made more difficult by a host of entrenched interests, but he threaded the political needle in a way that gained grudging respect from stakeholders who often opposed his reforms.
A day after Louis DeJoy’s abrupt exit as postmaster general, postal union leaders on Tuesday credited him with initiating a long overdue modernization effort rather than enabling ideas now contemplated by the Trump administration to...
https://www.freightwaves.com/news/a-look-at-dejoys-postal-service-legacy-after-quick-departure
El maestro general de correos de EE. UU., Louis Dejoy, anunció el lunes que renunciaría de inmediato, adelantando a lo que varias cuentas de medios de Washington dijeron que era una posible expulsión del presidente Donald Trump con la intención de afirmar un mayor control sobre el servicio postal....
U.S. Postmaster General Louis DeJoy on Monday announced he was stepping down immediately, getting ahead of what several media accounts from Washington said was a possible ouster by President Donald Trump with intent to assert greater control over the Postal Service.
Critics say DeJoy’s departure is the opening shot in a hostile takeover of the Postal Service by the Trump administration.
“Make no mistake, the postmaster general was forced out by a White House intent on breaking up and selling off...
https://www.freightwaves.com/news/breaking-postmaster-general-louis-dejoy-announces-sudden-departure
Rural letter carriers are scheduled Tuesday to rally on Capitol Hill for the launch of a national campaign urging Congress to block any attempts by the Trump administration to privatize the U.S. Postal Service.
More than 100 letter carriers are slated to gather to raise awareness of the stakes to rural communities from efforts to strip the Postal Service of its independent status as a government enterprise and sell it to private investors, which some conservatives argue would improve...
https://www.freightwaves.com/news/unions-pressure-congress-to-protect-against-postal-service-changes