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Trump targets Amazon in call for postal service to hike prices
U.S. President Donald Trump targeted Amazon on Friday in a call for the country's postal service to raise prices of shipments in order to recoup costs, picking another fight with the online retail giant he has criticized in the past. "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!" Trump wrote on Twitter.
The U.S. Postal Service, which runs at a big loss, is an independent agency within the federal government and does not receive tax dollars for operating expenses, according to its website. The organization makes up a significant portion of the $1.4 trillion U.S. delivery industry. Other players include United Parcel Service Inc and Fedex Corp.
[...] Amazon has shown interest in the past in shifting into its own delivery service. In 2015, the company spent $11.5 billion on shipping, 46 percent of its total operating expenses that year. In October, Bloomberg reported that Amazon was testing its own delivery service to move products more quickly out of its overcrowded warehouses and make more of them available for free two-day delivery. However, Amazon said at the time that it was using the same carrier partners to offer the program as it has used for years, including the U.S. Postal Service, UPS and FedEx.
(Score: 5, Informative) by axsdenied on Saturday December 30 2017, @10:36AM (3 children)
Let me quote few facts that indicate that Trump is having another one of his rants and personal attacks:
1. Amazon was founded by Jeff Bezos, who also owns The Washington Post. The Post, as well as other major media, has been labelled as "fake news" by Mr Trump after reporting unfavourable developments during his campaign and presidency.
2. Between July and September, Amazon paid $US5.4 billion in worldwide shipping costs, a 39 per cent increase from the same period in the previous year. That amounts to nearly 11 per cent of the $US43.7 billion in total revenue it reported in that same period.
3. The Postal Service has lost money for 11 straight years, mostly because of pension and healthcare costs. One part of the operation that is not suffering, however, is shipping and packages, which handles Amazon and other online orders from retailers.
4. In the year that ended September 30, the postal service reported higher-than-expected revenue of $19.5 billion, "due to e-commerce growth".
Source: http://www.abc.net.au/news/2017-12-30/trump-says-usps-should-charge-amazon-more-for-parcel-delivery/9294166 [abc.net.au]
(Score: 5, Funny) by Pslytely Psycho on Saturday December 30 2017, @11:03AM
"Let me quote few facts that indicate that Trump is having another one of his rants and personal attacks:"
You could of shortened that list to:
1: He's breathing
2: His phone is charged
Alex Jones lawyer inspires new TV series: CSI Moron Division.
(Score: 0) by Anonymous Coward on Saturday December 30 2017, @02:26PM
You forgot at least one point:
Bezos is now listed as "world's richest person" -- how can that be when Trump is the best businessman ever?
(Score: 2) by legont on Saturday December 30 2017, @06:39PM
Amazon is in violation of antitrust laws. It's surprising it is still in business. (yes, given Washington Post behavior, it is amassing Amazon is still in business)
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.