Elon Musk, billionaire businessman who advises President Donald Trump, suggested plans to reduce the size of the US government, the privatization of both USPS and Emsrak, the National Railway Service for American Passengers.
Speaking at the Morgan Stanley Conference, Musk has argued that any government service that can be privatized must be, to name the postal service and national railways as major examples.
His remarks come after President Trump suggested combining USPS with the US Department of Commerce, a step criticized by the Democrats as illegal. Musk acknowledged that this privatization will require congressional approval.
Usps has faced continuous financial challenges, after it has lost more than $ 100 billion since 2007, with a deficit of $ 9.5 billion for the year ending in September. However, the service recently reported a quarterly profit of $ 144 million.
Nevertheless, USPS has witnessed a significant decrease in the first -class mail, as it decreased by 80 % since 1997.
Musk also criticized Amsrak, and its unacceptable comparison with high -speed railways in China, describing the American railway system as a “sad situation”. While Amtrak was a good performance in terms of riding, as it reached 32.8 million trips in 2024, it is still the operating loss of 705 million dollars for the year ending in September.
In response to her response, Amtrak affirmed its strong business performance, citing the levels and revenues of the passenger passengers and its goal of achieving operational profitability under the current administration.
