DeJoy Earned Millions From Company With Financial Ties to Postal Service

[alp227]

Source: The New York Times

WASHINGTON — Postmaster General Louis DeJoy, who has come under fire for his continuing financial ties to a company that does business with the Postal Service, received $1.2 million to $7 million in income last year from that firm, according to financial disclosure forms reviewed by The New York Times.

Mr. DeJoy continues to hold $25 million to $50 million in that company, XPO Logistics, where he served as the chief executive until 2015 and was a board member until 2018. Documents filed with the Office of Government Ethics show that Mr. DeJoy also received millions of dollars in rental payments from XPO through leasing agreements at buildings that he owns.

The revelations are likely to further fuel scrutiny of Mr. DeJoy, a major donor to President Trump who has made a series of cost-cutting moves and other changes at the Postal Service that Democrats warn are aimed at undermining the 2020 election. Mr. DeJoy agreed on Monday to testify before the House Oversight Committee next week, and Democrats are expected to press him on the justification behind his new policies and question his potential conflicts of interest.

XPO, a $16 billion logistics and transportation company, assists the Postal Service during busy shipping periods, such as around the holidays, moving bulk shipments of packages from fulfillment centers and taking them to local Postal Service centers so mail carriers can deliver them to residences.

Read more: https://www.nytimes.com/2020/08/17/us/politics/dejoy-postal-service-mail-in-voting.html

[raging moderate]

1. Earned is the wrong word here.

I don't call that earning. Maybe put it in quotes?

[dem in texas]

2. There's a dirty story here

Little by little, the truth will come out. What I see here is that Trump says to DeJoy, you scratch my back and I will scratch yours by seeing that the Post Office system will fail and your company can take over.

What other reason would all the removal of mailboxes and sorting machines plus slowing down mail and cutting overtime have?

[Hoyt]

3. Would seem he would not want PO to fail.

[csziggy]

7. But if the post office is "overloaded" because their systems to improve efficiency are screwed

XPO can step in to "help" them out - for a very fat fee, of course.

[Hoyt]

8. But, he has to keep PO in Black. That requires XPO's services and PO costs to be less than revenue

(factoring in the catch up on pension and medical costs that we aren't going to change anytime soon).

Personally, I don't care if some company like XPO makes money as long as it is more efficient/effective to use them during peak periods.

[Roy Rolling]

4. Shocked

Shocked, I tell ya. Blah, blah, blah...Casablanca.

[ancianita]

5. That right there.

Follow that money. It will probably also lead to Trump campaign finances.

[Illumination]

6. Shall we name him OhTheJoy? What an absolute evil monster!...