topic Re: Newgistics Ownership in Community Chat

Newgistics Ownership

On It — Thu, 16 Mar 2023 14:17:23 GMT

After mention of Newgistics in a recent post, I decided to find the ownership. It is Pitney Bowes. I then searched who owns Pitney Bowes. It is owned by several corporations. My fatigue is out of control. If someone wants to unravel this ownership chain, please take over the search.

I inserted the name DeJoy in one search. He owns XPO logistics who has a business relationship contract with the post office. Another search showed Newgistics and XPO on the same SEC filing, but I spaced out and was overwhelmed. If anyone is interested, please be my guest.

Re: Newgistics Ownership

jlkz — Thu, 16 Mar 2023 15:41:42 GMT

@On It wrote:
After mention of Newgistics in a recent post, I decided to find the ownership. It is Pitney Bowes. I then searched who owns Pitney Bowes. It is owned by several corporations. My fatigue is out of control. If someone wants to unravel this ownership chain, please take over the search.

I inserted the name DeJoy in one search. He owns XPO logistics who has a business relationship contract with the post office. Another search showed Newgistics and XPO on the same SEC filing, but I spaced out and was overwhelmed. If anyone is interested, please be my guest.

@On It

Just searched who is head of USPS: Postmaster DeJoy !!!

Sounds like a major conflict of interest to me!

Downgraded their service level since he has been there. Is Newgistics any better ?

Re: Newgistics Ownership

Kachina624 — Thu, 16 Mar 2023 15:50:43 GMT

@jlkz Newgistics is a contractor for the USPS. They transport your QVC packages between post office and UPS locations. They are extremely unethical. I've wondered why the USPS puts up with them. @On It may have discovered the reason.

Hard to believe Congress would allow DeJoy to have such a conflict of interest.

Re: Newgistics Ownership

mspatmac — Thu, 16 Mar 2023 16:04:54 GMT

@Kachina624

@On It

@jlkz

I suggest you go to Wikipedia and read about Louis DeJoy, it certainly was an eye opener for me.

Re: Newgistics Ownership

Mindy D — Thu, 16 Mar 2023 16:16:17 GMT

@jlkz wrote:
@On It wrote:
After mention of Newgistics in a recent post, I decided to find the ownership. It is Pitney Bowes. I then searched who owns Pitney Bowes. It is owned by several corporations. My fatigue is out of control. If someone wants to unravel this ownership chain, please take over the search.

I inserted the name DeJoy in one search. He owns XPO logistics who has a business relationship contract with the post office. Another search showed Newgistics and XPO on the same SEC filing, but I spaced out and was overwhelmed. If anyone is interested, please be my guest.
@On It

Just searched who is head of USPS: Postmaster DeJoy !!!

Sounds like a major conflict of interest to me!

Downgraded their service level since he has been there. Is Newgistics any better ?

@jlkz @On It There are others that think this way too, and not just on this board. I had done the same deep dive as On it did back when there were other posts about Newgistics.. then I did a deep dive into how a postmaster general is controlled and by who and the history of the office. I looked into DeJoy and continued my hunt. I realized just how much power and money are associated with this job.

Re: Newgistics Ownership

Mindy D — Thu, 16 Mar 2023 16:39:55 GMT

@Kachina624 wrote:
@jlkz Newgistics is a contractor for the USPS. They transport your QVC packages between post office and UPS locations. They are extremely unethical. I've wondered why the USPS puts up with them. @On It may have discovered the reason.

Hard to believe Congress would allow DeJoy to have such a conflict of interest.

@Kachina624 @When you look into postmaster generals, Congress has little control over them. They are controlled by a board. The U.S. Postal Service Board of Governors has sole authority to hire and fire the postmaster general, the highest position in the organization. DeJoy and his wife have between 30 and 70 million invested in assets considered to be USPS competitors. DeJoy is a CPA. The board members are in for seven year terms, down from nine year terms before Bush Sr.

From Wikipedia:The board directs "the exercise of the power" of the Postal Service, controls its expenditures, and reviews its practices and policies.[3] It consists of 11 members; 6 are requisite to achieve an ordinary quorum. Of the 11 board members, 9 are the presidentially appointed governors, 1 is the postmaster general, and 1 is the deputy postmaster general. The 9 governors elect the postmaster general, the chairman of the board as well as the USPS inspector general; the governors and the postmaster general elect the deputy postmaster general. No more than five governors may belong to the same political party. The board also has the power to remove all of these officers.[4]

Re: Newgistics Ownership

Kachina624 — Thu, 16 Mar 2023 16:22:31 GMT

Louis DeJoy is what you get when graft and corruption are active and alive .

"DeJoy is the first postmaster general in two decades without prior experience in the USPS. Controversially, his companies still hold active service contracts with the USPS."

Re: Newgistics Ownership

On It — Thu, 16 Mar 2023 16:52:48 GMT

@jlkz @mspatmac @Kachina624 @Mindy D Thank you for joining the research team. Your input certainly shed more light onto the situation. I know we need to pierce the ownership of the corporations who are listed as owners of Pitney Bowes and thus Newgistics. Perhaps tomorrow will be a better day for me, and I can do more.

Re: Newgistics Ownership

Kachina624 — Thu, 16 Mar 2023 17:39:48 GMT

@On It The trail of deception really doesn't matter because nobody is going to do anything about it. I'm sure the connections are well-known. He and his operation were thoroughly investigated by a House committee several years ago. The whole thing reeks of politics but has cost us taxpayers a bunch of money.

Re: Newgistics Ownership

Greeneyedlady21 — Thu, 16 Mar 2023 18:17:20 GMT

The Board Of Governors is appointed by the President, with the advice and consent of the Senate.

DeJoy should not be in that job

Re: Newgistics Ownership

jlkz — Thu, 16 Mar 2023 18:19:18 GMT

@On It

Put into your search bar: Who appointed DeJoy as Postmaster General. The LA Times business article will give you a great backstory....

The Perfect Storm: COVID with folks reluctant to go to the polls to vote so they used the US Mail for their ballots. Just prior to this, DeJoy had dismantled many large mail sorting machines and took other steps that caused major disenchantment among postal workers. Now, an extremely contentious election.....any wonder there were problems and false claims of a stolen election ? And, he is still there.......

Incidently, his name as a candidate did not go through the normal executive recruiting path. It was brought in by Sen. Mnuchin who introduced this candidate with no postal experience bu credentials as a major fundraiser......

Re: Newgistics Ownership

Greeneyedlady21 — Thu, 16 Mar 2023 18:21:24 GMT

His ethics and practices are indeed questionable, to say the least.

Re: Newgistics Ownership

chessylady — Thu, 16 Mar 2023 18:37:19 GMT

Thank you for this grift er gift former guy.

Re: Newgistics Ownership

Mersha — Thu, 16 Mar 2023 18:38:46 GMT

@jlkz wrote:
@On It

Put into your search bar: Who appointed DeJoy as Postmaster General. The LA Times business article will give you a great backstory....

The Perfect Storm: COVID with folks reluctant to go to the polls to vote so they used the US Mail for their ballots. Just prior to this, DeJoy had dismantled many large mail sorting machines and took other steps that caused major disenchantment among postal workers. Now, an extremely contentious election.....any wonder there were problems and false claims of a stolen election ? And, he is still there.......

Incidently, his name as a candidate did not go through the normal executive recruiting path. It was brought in by Sen. Mnuchin who introduced this candidate with no postal experience bu credentials as a major fundraiser......

@On It Steve Mnuchin was the Secretary of the Treasury in the prior administration.

He was never a Senator.

Re: Newgistics Ownership

meem120 — Thu, 16 Mar 2023 20:54:14 GMT

Anyone who knows DeJoy's history was not surprised by his appointment!!

Re: Newgistics Ownership

Kachina624 — Thu, 16 Mar 2023 22:29:16 GMT

@meem120 wrote:
Anyone who knows DeJoy's history was not surprised by his appointment!!

@meem120 He bought his appointment. Why he wanted it is beyond me, except to get richer through his private interests.

Re: Newgistics Ownership

Kachina624 — Fri, 24 Mar 2023 20:04:47 GMT

@On It A friend just sent me a link to new surprising information about DeJoy. It's too political to share but try online at time.Com or try to get a copy of this Time Magazine.

Re: Newgistics Ownership

On It — Fri, 24 Mar 2023 21:05:17 GMT

@Kachina624 Thank you for sharing. That was an interesting and reassuring read.

Re: Newgistics Ownership

hckynutjohn — Sat, 25 Mar 2023 08:18:27 GMT

I know of only 1 entity ranked lower by the American public than The Media. It is located in it's own building in D.C.

Wonder why so many are skeptical of those 2? Couldn't be because they somehow became multi-millionaires while making a low 6 figure salary. The longer their tenure the bigger their financial worth.

No conflict of interest with an energy secretary holding millions of dollars of stock in the EV industry, as gas prices have doubled. Nah, gets a pass.

hckynut 🇺🇸