By Jacob Bogage
Postmaster General Louis DeJoy
The U.S. Postal Service (click here) will pay $120 million over the next five years to a major logistics contractor that Postmaster General Louis DeJoy previously helped lead and with which his family maintains financial ties, according to DeJoy’s financial disclosure statements and a federal contracting database.
The new contract will deepen the Postal Service’s relationship with XPO Logistics, where DeJoy served as supply chain chief executive from 2014 to 2015 after the company purchased New Breed Logistics, the trucking firm he owned for more than 30 years. Since he became postmaster general, DeJoy, DeJoy-controlled companies and his family foundation have divested between $65.4 million and $155.3 million worth of XPO shares, according to financial disclosures, foundation tax documents and securities filings.
But DeJoy’s family businesses continue to lease four North Carolina office buildings to XPO, according to his financial disclosures and state property records....
You got that?
XPO Logistics purchased DeJoy's Trucking firm, New Breed Logistics. In the purchase agreement, DeJoy became the new Supply Chain Chief Executive for at least a year.
Now, that he is Post Master General the company XPO Logistics will be working for the US Postal Service and pulling in $120 million over 5 years.
DeJoy was appointed to the position of Post Master General in May 2020.
This is the price trajectory of XPO Logistics. This is pure unadulterated corruption. DeJoy and his family's business continues to collect millions from the XPO Logistics in leases.
This needs to be reviewed by the Inspector General and also to discern if this was a no-bid contract to XPO Logistics. There have been a lot of no-bid contracts under Republican administrations.
It is amazing the blatant corruption this man has dealt himself. And he has nearly crippled the constitutionally protected US Postal Service and it's union. The union is there to protect our postal workers from jerks like DeJoy. This is amazing. It took place in the open and he simply didn't give a damn so long as he got his millions out of the hard work of US Postal Workers over centuries of time. They are monsters. He and Trump are monsters.
