Donald Trump may privatize US Postal Service, claims report. Why is this worrying factor for Amazon?
The U.S. Post Office, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending September 30, a $3-billion bigger loss than last year, largely due to a year-over-year increase in non-cash workers’ compensation expense, as per a report on Reuters.
When told of the agency's annual losses, Trump said the government should not subsidize the organization, according to the Washington Post.
Trump, who takes office on January 20, has discussed his desire to privatize the Postal Service with Howard Lutnick, his pick for commerce secretary, at Mar-a-Lago, the report said.
People who will work at the Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, have also had preliminary conversations about major changes to USPS, the report said, citing two other people familiar with the matter.
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