Postal Service Has Paid Louis DeJoy’s Former Company $286 Million Since 2013

The New York Times reports that Postmaster General Louis DeJoy’s former company, XPO Logistics, has been paid about $286 million since 2013.

The paper also says that DeJoy still has at least a $30 million stake in the company, and that it has “ramped up its business with the Postal Service since he took the helm at the agency”.

The figures, obtained by The New York Times from a public records request, shed new light on the extent to which the company where Mr. DeJoy was a top executive — and in which he still has a substantial amount of money invested — is intertwined with the agency he now runs, fueling questions about a potential conflict of interest.’

They emerged on the same day that the House Oversight Committee issued a promised subpoena for documents that the panel has said Mr. DeJoy is withholding from Congress, including information about his personal financial affairs.

Full story: Postal Service Has Paid Louis DeJoy’s Former Company $286 Million Since 2013 – The New York Times

  • katie acker

    This is the biggest bunch of bull sh@t I have ever heard!!!!! the post office doesn’t spend that kind of money on trash. I’ve worked for the post office for several decades I can tell you for certain this is horse sh@t! The post office is non profit! and doesn’t just go hanging out millions of dollars! We are in a lose prepaid agreement we have that we were never late on paying our retires but are the only federal institution who had to pay them. DeJoy has been a problem since he started and things have started to snowball ever since. He is a bad apple and needs to go.

  • Old Postal Exec Retiree

    USPS has contracts with many logistics and transport companies throughout the US. DeJoy was the CEO of one of those companies – what is unusual about that?

    USPS does direct transport within cities with their own fleet and employees (MVS / PVS). However, transport between Processing Centers, long-haul transportation, and transport from Processing Centers to Post Offices have been contracted services for decades. These contractors even have their own trade association – The National Star Route Mail Contractors Association.

    Again, what is the issue with him previously having been the CEO of one of these companies? If you USPS were to have gotten a new CEO who previously was a senior executive at UPS or FedEx would that have been a problem? USPS contracts with those companies are significantly higher than the $286 million described here. An experienced executive from the Logistics / Transport sector is a good idea.

    His political ties are a different discussion.