Trump eyes privatizing US Postal Service, Washington Post says

Business and Finance Business and Finance

Sat, December 14, 2024

[ Sat, Dec 14th 2024 ] - Channel NewsAsia Singapore

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[ Sat, Dec 14th 2024 ] - Popular Science

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - The Motley Fool

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - Newsweek

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[ Sat, Dec 14th 2024 ] - Yahoo Finance

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[ Sat, Dec 14th 2024 ] - The New York Times

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - Sports Illustrated

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[ Sat, Dec 14th 2024 ] - CNN-News18

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[ Sat, Dec 14th 2024 ] - The Motley Fool

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[ Sat, Dec 14th 2024 ] - Daily Mail

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[ Sat, Dec 14th 2024 ] - Independent Online

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[ Sat, Dec 14th 2024 ] - Yahoo

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[ Sat, Dec 14th 2024 ] - The Express Tribune

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - Couriermail

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[ Sat, Dec 14th 2024 ] - Reuters

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[ Sat, Dec 14th 2024 ] - The Mirror

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[ Sat, Dec 14th 2024 ] - ProPakistani

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[ Sat, Dec 14th 2024 ] - SFGate

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[ Sat, Dec 14th 2024 ] - Daily Express

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[ Sat, Dec 14th 2024 ] - Yahoo

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[ Sat, Dec 14th 2024 ] - orilliamatters

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[ Sat, Dec 14th 2024 ] - London Evening Standard

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[ Sat, Dec 14th 2024 ] - The Daily Telegraph

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[ Sat, Dec 14th 2024 ] - The Daily Telegraph

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[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - USA Today

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[ Sat, Dec 14th 2024 ] - UPI

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[ Sat, Dec 14th 2024 ] - The Daily Telegraph

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[ Sat, Dec 14th 2024 ] - The New York Times

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[ Sat, Dec 14th 2024 ] - Fortune

Trump eyes privatizing US Postal Service, Washington Post says

^{Published on 2024-12-14 12:20:49 - Fortune}

USPS lost $9.5 billion in the financial year ended Sept. 30, amid a decline in mail volume and slower-than-anticipated parcel shipping.

The article from Fortune discusses Donald Trump's proposal to privatize the United States Postal Service (USPS). Trump has suggested that the USPS, which has been facing financial difficulties, could be more efficiently run by private companies. The USPS has been dealing with declining mail volumes, increased competition from private carriers like FedEx and UPS, and significant financial losses, with a reported net loss of $6.5 billion in the fiscal year ending September 30, 2023. Howard Lutnick, CEO of Cantor Fitzgerald, has been mentioned as a potential figure to lead this privatization effort, given his experience in financial services and his interest in logistics. Critics argue that privatization could lead to higher costs for consumers, reduced service in rural areas, and potential job losses, while proponents believe it could introduce innovation, efficiency, and possibly save the USPS from further financial deterioration. The debate includes considerations of how privatization might affect the universal service obligation, which mandates the USPS to deliver to every address in the U.S. at a uniform price.

Read the Full Fortune Article at:
[ https://fortune.com/2024/12/14/trump-privatize-us-postal-service-mail-volume-delivery-losses-howard-lutnick/ ]

N@N

Trump eyes privatizing US Postal Service, Washington Post says