Trump Considers Privatizing U.S. Postal Service
President-elect Trump has discussed privatization plans for the USPS, citing financial losses and potential reforms to reduce government subsidies.
- The U.S. Postal Service reported a $9.5 billion loss in the last fiscal year, contributing to over $100 billion in losses since 2007.
- Trump has discussed privatization with his commerce secretary nominee, Howard Lutnick, and other transition officials at Mar-a-Lago, though specific plans remain unclear.
- Privatization could significantly impact rural communities, small businesses, and e-commerce companies like Amazon, which rely on USPS for last-mile deliveries.
- Critics, including Democrats and postal advocates, warn that privatization could prioritize profits over universal service, potentially leaving underserved areas without reliable mail delivery.
- The USPS has already implemented cost-cutting measures, including reducing work hours and transportation expenses, as part of a 10-year modernization plan.