According to the Washington Post, President Trump—who has assailed Amazon of cheating the USPS by taking advantage of bulk delivery rates—has ordered an overhaul of the Postal Service’s business model by issuing an executive order to form a task force, chaired by Treasury Secretary Mnuchin.
The order states that the Postal Service has incurred $65 billion of cumulative losses since the 2009 Recession ended and must make changes in order to operate as a sustainable business model and fund its pension & health obligations. The timing for ordering this review was unclear.
The order states that the Postal Service has incurred $65 billion of cumulative losses since the 2009 Recession ended and must make changes in order to operate as a sustainable business model and fund its pension & health obligations. The timing for ordering this review was unclear.