Elon Musk and Donald Trump want to privatize the U.S. Postal Service after years of billion-dollar losses. Unions say it’s a ‘terrible idea’

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Elon Musk and Donald Trump want to privatize the U.S. Postal Service after years of billion-dollar losses. Unions say it’s a ‘terrible idea’ - Fortune

Quick Summary:

The USPS currently employs about 640,000 workers tasked with making deliveries from inner cities to rural areas and even far-flung islands.

In December, he suggested privatizing the service given the competition it faces from Amazon, UPS, FedEx and others.“It’s an idea a lot of people have had for a long time.

However, the service reported a $144 million profit last quarter, attributing it to DeJoy's 10-year plan to modernize operations and stem losses.