{"id":144013,"date":"2020-05-08T00:04:46","date_gmt":"2020-05-08T00:04:46","guid":{"rendered":"https:\/\/www.bnreport.com\/businessman-who-donated-to-trump-put-in-charge-of-us-postal-service\/"},"modified":"2020-05-08T00:04:46","modified_gmt":"2020-05-08T00:04:46","slug":"businessman-who-donated-to-trump-put-in-charge-of-us-postal-service","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/businessman-who-donated-to-trump-put-in-charge-of-us-postal-service\/","title":{"rendered":"Businessman Who Donated to Trump Put in Charge of US Postal Service"},"content":{"rendered":"

A businessman who donated to President Donald Trump was named as head of the U.S. Postal Service, which could face a significant restructuring as it faces pressure from the president to hike prices and billions in added debt.<\/p>\n

Louis DeJoys selection as postmaster general of the United States was announced Wednesday by the services Board of Governors.<\/p>\n

The businessman \u201cunderstands the critical public service role of the United States Postal Service, and the urgent need to strengthen it for future generations,\u201d Robert Duncan, chair of the board, said in a statement<\/a>.<\/p>\n

Members \u201cappreciated Louiss 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,\u201d Duncan added.<\/p>\n

DeJoy was previously chairman and CEO of New Breed Logistics, a shipping company with over 9,000 employees.<\/p>\n

He said his work brought him into contact with the Postal Service.<\/p>\n

\u201cI have a great appreciation for this institution and the dedicated workers who faithfully execute its mission,\u201d he said in a statement.<\/p>\n

One of the CCP virus<\/a> relief packages approved by Congress lets the Postal Service borrow up to $10 billion from the Department of the Treasury. Postmaster General Megan Brennan, who is retiring, said last month<\/a> that sales were \u201cplummeting\u201d as a result of the COVID-19 pandemic.<\/p>\n

\u201cThe sudden drop in mail volumes, our most profitable revenue stream, is steep and may never fully recover,\u201d she said, releasing an estimate that the services net operating loss would grow by more than $22 billion by the end of 2021.<\/p>\n

\"President
\"President<\/figcaption><\/a> President Donald Trump holds a CCP virus response meeting with New Jersey Gov. Phil Murphy in the Oval Office at the White House in Washington on April 30, 2020. (Carlos Barria\/Reuters)<\/figure>\n

Trump on Pricing<\/h2>\n

Trump later in April said he wont authorize more funding for the Postal Service unless it raises shipping rates for Amazon and other companies it handles packages for.<\/p>\n

\u201cThe Postal Service is a joke because theyre handing out packages for Amazon and other internet companies. And every time they bring a package, they lose money on it,\u201d Trump told reporters at the White House.<\/p>\n

Amazon and other online-based companies are dropping a big portion of packages off at post offices, leaving the Postal Service to deliver them but lose money in the process, the president said. The Postal Service should raise prices by about four times, he added.<\/p>\n

\u201cFor some reason\u2014these people have been in there a long time\u2014but for some reason, theyre very cozy with some of these companies, and they dont raise the price of a package,\u201d he added.<\/p>\n

\"Epoch
\"Epoch<\/figcaption><\/a> United States Postal Service mail carrier Lizette Portugal finishes loading her truck amid the COVID-19 pandemic in El Paso, Texas, on April 30, 2020. (Paul Ratje\/AFP via Getty Images)<\/figure>\n

Donations<\/h2>\n

Both DeJoy and his wife, Aldona Wos, have donated extensively to Trump and Republicans. DeJoy donated more than $1.1 million to the Republican National Committee (RNC) and nearly $1 million to Trump Victory, a joint fundraising committee between Trumps reelection campaign and the RNC.<\/p>\n

DeJoys latest donation<\/a> saw $210,600 go to Trump Victory in February. Wos was nRead More From Source<\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

The Epoch Times<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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