WASHINGTON: The U.S. Postal Service's Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges package shippers such as Amazon.com too little and as the new coronavirus cuts its revenue by about US$13 billion.
The service, which was struggling before efforts to stop the spread of the new coronavirus prompted a widespread economic shutdown, is funded entirely through services and postage and has been hurt by advertisers' decision to reduce mail during the pandemic. Since early in his administration, the president has criticized the post office, saying it was poorly run and charges too little to deliver packages. Many of those packages are sent by online retailers such as Amazon.com , whose founder and CEO Jeff Bezos also owns the Washington Post, which has been critical of the president.Without assistance, the service may run out of money in September, even as Americans increasingly turn to online shopping as the pandemic batters the U.S. economy.
The board meeting will also address the post office's response to COVID-19, the respiratory disease caused by the coronavirus, including employee safety, according to a person knowledgeable about the agenda.
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