Trump considers privatizing US Postal Service, Washington Post reports

FILE PHOTO: A person enters a United States Postal Service (USPS) Post Office in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) -U.S. President-elect Donald Trump has in recent weeks expressed a keen interest in privatizing the U.S. Postal Service, the Washington Post reported on Saturday, citing three people with knowledge of the matter.

The U.S. Postal Service, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending Sept. 30, $3 billion more than last year, largely due to a year-over-year increase in non-cash workers' compensation expense.

When told of the agency's annual losses, Trump said the government should not subsidize the organization, according to theWashington Post. 

Trump, who takes office on Jan. 20, has discussed his desire to privatize the Postal Service with Howard Lutnick, his pick for commerce secretary, at Mar-a-Lago, the report said.