Article Image
IPFS News Link • Business/ Commerce

For every Amazon package it delivers, the Postal Service loses $1.46

•, Brian McNicoll

For a day or so last week, Jeff Bezos passed Bill Gates as the richest man in the world. And that's pretty much how he did it.

Bezos runs Amazon, which is primarily a shipping business. It relies on the U.S. Postal Service to deliver two-thirds of its packages. In many places now, it locates a depot near a post office, presorts the packages, and delivers them to the post office. The Postal Service, which has a monopoly on last-mile delivery, does the rest.

[Trump calls for Amazon shipping and tax hike, demands 'Fake Washington Post' register as lobbyist]

The Postal Service is happy because it can report healthy increases in sales in the package delivery department. Postal employees are happy because it means work seven days a week — the Postal Service operates on Sundaysalmost solely to deliver for Amazon.