Overview
- David Steiner, former Waste Management CEO and current FedEx board member, has been officially named the 76th postmaster general by the USPS Board of Governors.
- Steiner is expected to assume the role in July, pending ethics and security clearances, and will step down from his position at FedEx.
- Postal unions and lawmakers have raised concerns about Steiner's ties to FedEx, calling his appointment a conflict of interest and a potential step toward privatizing the USPS.
- The USPS reported a $9.5 billion loss for fiscal year 2024, adding pressure to ongoing modernization and cost-cutting efforts under its 10-year “Deliver for America” plan.
- President Trump and adviser Elon Musk have proposed restructuring the USPS, including potential privatization or moving it under the Commerce Department, further fueling debate over the agency's future.