YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Trump orders Postal Service review

Posted online

President Donald Trump signed an executive order signaling a review of the U.S. Postal Service's finances.

The move comes after Trump claimed the USPS is losing “many billions of dollars a year” through its financial arrangement with Amazon. He claims the Postal Service loses $1.50 for every Amazon package it delivers.

“A number of factors, including the steep decline in first-class mail volume, coupled with legal mandates that compel the USPS to incur substantial and inflexible costs, have resulted in a structural deficit,” Trump said in the order. “The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout.”

Read more from The Verge.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: 5 Elements Esthetics and Makeup Studio LLC and Divine Therapeutic Massage LLC

Business owners and friends Kandice Alexander and Inna Oksenchuk now share space under one roof; Larry Ellison sold his half of EllisonLiggett Litigation Consultants; and Dacia LLC opened.

Most Read