When Postmaster General (PMG) Louis DeJoy took the helm of the United States Postal Service in May, he inherited a dismal situation and an extensive list of problems to solve after years of curious decision-making by management and ongoing failures to correct the agency’s troubling financial and quality performance. Prospects for the Postal Service’s independent […]
DeJoy
Silver Lining in the Postal Service’s Dismal Q3 Financials
Last week, the United States Postal Service (USPS) released their Q3 financials, posting a staggering net loss of $2.2 billion. Unsurprisingly, the USPS continues to hemorrhage funds and is not yet independently sustainable without serious intervention. During the COVID-19 pandemic, system costs have grown, as product demand has shifted. To become economically viable, it is […]