Postmaster General

The U.S. Postal Service (USPS) board unanimously selected Louis DeJoy to serve as its 75th Postmaster General, a private-sector pick that feeds speculation that the world's largest postal organization could be headed for privatization. DeJoy, a former executive at XPO Logistics, Inc. (NYSE: XPO),...

According to a statement released by the U.S. Postal Service on Friday, it lost $740 million over the last three months, increasing its year-to-date net loss to $3.9 billion. Despite claiming to have taken aggressive action to contain costs and increase efficiency, including a decrease in...