“Listening to President Trump, one might get the impression the U.S. Postal Service is unprofitable because it is under-charging Amazon.com. “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!” the president exclaimed.
“The USPS’s financial plight, however, is not merely a parcel problem. The Post Office’s problems are business-wide, because its expenses keep exceeding revenues.
“The Postal Service was designed to be self-sufficient — unlike other federal agencies, it does not live off dollars collected as taxes. Rather, it tries to cover its operating expenses by charging postage….(Read more)