DeJoy: USPS setting higher prices part of changes needed to fix broken business model
6.07.2024 – Federal News Network reports: “DeJoy, speaking Monday at the National Postal Forum in Indianapolis, said he inherited a “broken business model” when he took office in June 2020 – and that the agency was months away from running out of cash at the height of the COVID-19 pandemic. “Failure to adequately adapt to social, economic, technological, and industrial changes have destroyed giants in their industry – Kodak, Motorola, Blockbuster – in just a few short years,” DeJoy said in his keynote address. “The demands of the changes experienced by the Postal Service were magnitudes greater.”