Annual pay rate to move mail across a 700-mile highway route is one of the highest among 1,600 USPS contracts last quarter.
When Trump rewarded Louis DeJoy for donating $1.2 million to his 2016 campaign by making him the new Postmaster General earlier this year, DeJoy didn’t just do his best to hamper the delivery of mail-in ballots for the 2020 election. He also appears to have followed in Trump’s footsteps by illegally profiting from his government position.
Background: DeJoy was a top executive at a company called XPO Logistics through 2018, and XPO “still pays DeJoy about $2.3 million a year.” Additionally, DeJoy “continues to own a multimillion-dollar stake in XPO Logistics”; in his latest financial disclosure, DeJoy valued his stake in XPO as high as $75 million.
Since DeJoy took over in June, XPO’s revenue from the Postal Service “surged ... by $14 million, during just 10 weeks.” Now the USPS has awarded XPO a new $5 million contract. It just happens to have “one of the highest annual rates out of more than 1,600 contracts the Postal Service initiated with outside firms in ... the first full quarter DeJoy has served as head of the agency.”
Now that XPO has all this new income, “DeJoy has indicated that he plans to sell his remaining shares in XPO.” Nevertheless, a spokesman for DeJoy insisted that “DeJoy has not been involved with any dealings or contracts related to XPO.” Because of course Trump appointees have such an extensive history of honesty and ethics.
