The U.S. Postal Service placed most of the blame for the $1.3 billion it lost in its second fiscal quarter on “inflexible†government policy, and some of it on inflation and a decline in first-class mail, but it did not blame any of it on delivery deals made with customers, including, notably, Amazon.com Inc.
The net loss for the quarter ended March 31 widened from $562 million in the same period a year ago. The “controllable†loss, which excludes items that are not recurring and outside of management’s control, was $656 million, after a profit of $12 million last year.
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“Despite growth in our package business, our financial results reflect systemic trends in the marketplace and the effects of an inflexible, legislatively mandated business model that limits our ability to generate sufficient revenue and imposes costs upon us that we cannot afford,†said Postmaster General Megan Brennan.
That seems to differ from comments made by President Donald Trump last month. Trump said the USPS was losing “billions of dollars†because of a “Delivery Boy†deal with Amazon, under which, he said, the post office lost an average of $1.50 on each package delivered for the e-commerce giant.
https://www.msn.com/en-us/money/companies/post-office-blames-us-government-–-not-amazon-–-for-billion-dollar-loss/ar-AAx7TcK?ocid=spartanntp