Postmaster General Louis DeJoy to step down
Postmaster General Louis DeJoy announced his resignation on Tuesday as the U.S. Postal Service faces significant financial challenges. DeJoy, who was appointed during President Donald Trump’s first term, informed the Postal Service Board of Governors that it was time to find a suitable replacement.
“After four and a half years leading one of America’s greatest public institutions through dramatic change during unusual times, it is time for me to start thinking about the next phase of my life, while also ensuring that the Postal Service is fully prepared for the future,” DeJoy said in a statement.
DeJoy emphasized the need for a methodical approach to selecting his successor and preparing the Postal Service for financial success. He commended the hard work of the Postal Service’s employees, who have persevered through challenging times.
The USPS is currently implementing a 10-year restructuring plan to address predicted losses of $200 billion over the next decade. In 2023, the Postal Service reported a $6.5 billion net loss for the fiscal year, with operating revenue decreasing by 0.4% to $78.2 billion.
DeJoy’s resignation comes at a critical time for the Postal Service, as it navigates ongoing financial challenges and seeks to improve its operational efficiency. The search for his successor and the implementation of the restructuring plan will be key priorities moving forward.
It is essential for the Postal Service to address these financial issues to ensure its long-term viability and continue serving the nation in its essential public service mission. DeJoy’s departure marks a new chapter for the USPS, as it looks towards a more stable and sustainable future under new leadership.
