XPO Logistics, the company Postmaster General Louis DeJoy has long ties to, has seen a 200% increase in profits from USPS since he took over in June.
In the ten weeks since DeJoy became the USPS postmaster general, XPO has received about $14 million from its work with the postal service. In the same time period, the company earned only $4.7 million in 2018 and $3.4 million in 2019 from USPS.
XPO Logistics “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.”
DeJoy sold his company New Breed Logistics to XPO and was the chief executive of XPO’s supply chain business until 2015. He served on the board until 2018. He still has tens of millions invested in the company.
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