Louis DeJoy is punching his final timecard by stepping down from the agency after reporting billions worth of losses.
The often-criticized, occasionally praised postmaster general told the USPS board to hunt for his replacement.
No exit date yet, but his departure looms—right alongside the agency’s ever-growing pile of financial woes.
What’s The Story?
Here’s the situation: the Postal Service is bleeding cash—think $100 billion down the drain since 2007.
DeJoy’s 10-year “rescue mission” promised to plug the hole, but halfway through, losses still look like they’ll hit $80 billion.
Ouch. Mail volumes? They’re in freefall.
First-class mail is down to levels we haven’t seen since the Beatles were on tour—44 billion pieces last year, an 80% drop since the ’90s.
Even stamps tried keeping up, jumping to 73 cents, but DeJoy spared us another price hike this January.
Small victories, right? He pushed electric delivery trucks, defended ballot deliveries, and stirred controversy.
Now, as Trump settles back into the White House, DeJoy is heading for the exit. The next postmaster?
They’ll need more than overnight shipping to fix this mess.
