Trump takes on Postal Service and Amazon [CNN]
FedEx Corporation (FDX)
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Source: CNN
Trump, Amazon and the Postal Service: The story behind the tweet On Friday morning, President Donald Trump decided to take on the U.S. Postal Service. "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?" he wrote on Twitter . "Should be charging MUCH MORE!" The tweet gave Trump the opportunity to slam Amazon ( AMZN ) , which has been a frequent target of his ire . But with the tweet, the president also waded into a long-running, Byzantine debate over how much the Postal Service should charge for its services. In short: Trump is likely right that the Postal Service charges less than it really costs to deliver packages, and Amazon is one of its biggest customers . But that's not the root of the agency's fiscal problems. First of all, the U.S. Postal Service is unlike any other business. It has a government sanctioned m
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