Elon Musk and Donald Trump want to privatize the U.S. Postal Service after years of billion-dollar losses. Unions say it’s a ‘terrible idea’

Quick Summary:

The USPS currently employs about 640,000 workers tasked with making deliveries from inner cities to rural areas and even far-flung islands.

In December, he suggested privatizing the service given the competition it faces from Amazon, UPS, FedEx and others.“It’s an idea a lot of people have had for a long time.

However, the service reported a $144 million profit last quarter, attributing it to DeJoy's 10-year plan to modernize operations and stem losses.

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Article Details

Author / Journalist: Susan Haigh, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Elon Musk U.S. Postal Service (USPS) Donald Trump Mail

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 22:16:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 8 lines

Sentence Length: 94 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27339548

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Official Website: fortune.com

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