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Trump orders review of postal service after blasting Amazon

IANS  |  Washington 

US Donald Trump, who and accused it of the by taking advantage of bulk delivery rates, has issued an order demanding a sweeping overhaul of the Postal Services model.

Trump issued the order on Thursday forming an administration task force, to be chaired by Steven Mnuchin, and directed it to evaluate the Postal Service's finances and operations, reported.

The order also directed the task force to issue a report outlining proposed changes within 120 days.

The order stated that the Postal Service incurred $65 billion of cumulative losses since the Great Recession ended in 2009 and that it must make changes so that it operates under "a sustainable model".

The did not mention in the order but he has often railed against - in public and in private conversations with his advisers and friends -- complaining about Jeffrey P. Bezos, the company's billionaire founder and chief executive, the daily said.

Trump's advisers said his outbursts about often were triggered by what he perceives as negative coverage of him by The Washington Post, owned by Bezos.

In December, Trump criticised the service on for being "dumber and poorer" by losing billions of dollars and not "charging MUCH MORE" to and other shippers. His attacks date back as far as 2013, when he scoffed at the service for planning to eliminate Saturday delivery.

According to the New York Times, Postal Service experts and even Trump's own advisers privately urged him to back off the accusations, noting that the huge number of packages shipped by was actually helping to keep the Postal Service financially solvent.

--IANS

soni/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 18:48 IST
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