Trump considers privatizing the USPS

On December 17, according to people familiar with the matter, US President-elect Trump has expressed a strong interest in privatizing the USPS in recent weeks. The USPS has lost more than $100 billion since 2007. In the fiscal year ending September 30, the company had a net loss of $9.5 billion, $3 billion more than last year, mainly due to a year-on-year increase in non-cash workers’ compensation expenses.

According to reports, when Trump learned of the agency’s annual losses, he said the government should not subsidize the agency. Trump has discussed the idea of ​​privatizing the postal service with his nominee for Secretary of Commerce, Howard Lutnick.