💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

USPS loss triples to almost $4B, may pressure Amazon

Published 11/15/2018, 03:50 AM
© Reuters.  USPS loss triples to almost $4B, may pressure Amazon
GOOGL
-
AMZN
-
META
-
GOOG
-
  • The U.S. Postal Service lost $3.9B in 2018 even as package deliveries rose 10%, potentially giving President Trump more firepower against Amazon (NASDAQ:AMZN), which he claims pays too little for the agency's services.
  • While USPS reported operating revenue of $70.6B for the fiscal year, its net loss more than tripled from 2017, hurt by rising pay and benefits and higher transport costs.
  • Now read: New Ad Kid Amazon Beating Up Facebook (NASDAQ:FB) And Google (NASDAQ:GOOGL)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.