Private industry usually works. As far as USPS being cheaper than UPS and FEDEX, of course, it’s a govt business that ALWAYS runs at a loss kept afloat by taxpayers money.
From fiscal year (FY) 2007 through FY 2018, the USPS’s net losses totaled $69 billion. The USPS announced in its fourth quarter financial statement that in FY 2019, it ran an $8.8 billion deficit, a 125 percent increase compared to FY 2018. This marks 13 years of consecutive losses for the USPS, totaling $77.8 billion.
As far as the other big two delivering first class mail, not allowed by law. And both run at huge annual profits in the billions.
Bottom line ... if USPS had to run as a legitimate business, how much do you think their rates would go up? Would you invest your money in in a company with that kind of loss? USPS does a great job at what it does but nowhere could they compete IF they had to make a profit without govt funds. Just my opinion.
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