|Wed May 6 2020 21:27:04|
USPS Could Hike Rates Under New Leadership
By: Ina Steiner
The US Postal Service is "under new management," which could ultimately lead to higher postage costs for online sellers.
The Board of Governors "unanimously" named Louis DeJoy the 75th Postmaster General - a week after David C. Williams resigned from the Board.
The Washington Post
(owned by Amazon CEO Jeff Bezos) has the gory details of recent political jockeying. The pandemic has taken a financial toll on the USPS, but President Trump threatened to block a $10 billion line of credit approved as part of coronavirus legislation in March unless officials dramatically raised shipping prices on online retailers. The President publicly called the Postal Service a "joke" last month.
Louis DeJoy is a stalwart ally of the President's and comes from the private sector. He's set to start on June 15, 2020, taking over from Megan Brennan, who had announced her retirement last year.
The Chair of the Board of Governors Robert Duncan said in the USPS announcement
, "Louis DeJoy understands the critical public service role of the United States Postal Service, and the urgent need to strengthen it for future generations. The Board appreciated Louis' depth of knowledge on the important issues facing the Postal Service and his desire to work with all of our stakeholders on preserving and protecting this essential institution."
The Washington Post also said the President could consider forcing the Postal Service to renegotiate terms with companies and its own union workforce.