
Postal Service picks FedEx board member as next leader
The U.S. Postal Service picked the former head of Waste Management Inc., who currently serves on the board of Federal Express, as its next postmaster general Friday, months after the Trump administration forced out the service's former head.
David Steiner led Waste Management, the nation's largest trash hauler, from 2004 to 2016.
The Postal Service's unions have questioned whether President Donald Trump influenced the decision, according to the Associated Press. Trump has repeatedly floated the idea of privatizing the Postal Service or folding it into the Commerce Department.
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The decision to hire Steiner 'rests solely' with the Postal Service's board of governors, whose members are approved by presidents of both parties and approved by the Senate, the Postal Service said in the statement. Steiner will likely start in July and will leave the FedEx board, the statement said.
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See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walt Disney and fuboTV. The Motley Fool has a disclosure policy. Buy FuboTV Now or Wait Until the Disney Deal Is Done? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data