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After bashing Amazon deals, Trump orders investigation of U.S. Postal Service


The president issued an executive order after hours last night, aimed at evaluating the U.S. Postal Service. Citing the mail services unsustainable financial path, Trumps order demands a thorough task force evaluation of the USPSs finances and operations. The service has been a long time talking point for Trump, with Twitter attacks dating back to 2013, when he bemoaned a planned end of Saturday mail delivery. Of late, however, the Postal Service has seemingly been caught in the crossfire of his single-minded attack on Amazon. Back in December, Trump called the USPS out on Twitter once again, saying it was 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?Of course, its worth noting that Amazons dealings with the USPS arent so straightforward. While, as The New York Times notes, the executive order doesnt single out Amazon by name, Trump has been ramping up attacks on the online retail giant. Much of that anger appears to be directed at founder Jeff Bezos, who also happens to own The Washington Post, a paper that hasnt always painted the president in flattering light. In June, he combined two of his favorite Bezos targets into a single, camel-cased hashtag, writing, The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!Honestly, I could put a bunch of other examples in here, but its probably easier to just link to this story Taylor did, collecting all of the times Trump has used Twitter to take on Jeff Bezos. Get comfortable, because its a long list. The full executive order, meanwhile, can be viewed here.

Trump follows Amazon jabs by ordering US Postal Service review


He has complained that Amazon's USPS deal is costly for taxpayers. President Trump recently tweeted that the US Postal Service's deal with Amazon was bad for taxpayers, but he has now taken his complaints beyond social media, the New York Times reported. The White House has convened a task force to examine the service's operations and "conduct a thorough evaluation of the operations and finances of the USPS," the order states. Trump has said that the USPS loses $1.50 for every Amazon package it delivers. However, experts have countered that the while the service does lose money delivering first class mail, e-commerce package deliveries are profitable. In 2017 they brought in $19.5 billion, up 11.4 percent over the year prior. Trump ordered the task force to look at how the USPS does package deliveries with companies like Amazon, and also at declines in mail volume. " A number of factors, including the steep decline in first-class mail volume, coupled with legal mandates that compel the USPS to incur substantial and inflexible costs, have resulted in a structural deficit," the order states. " The USPS is on an unsustainable financial path and must be restructured to prevent a taxpayer-funded bailout." Amazon also uses all major logistics companies in the US. Amazon does use USPS but, if an arrangement were to become uneconomic to Amazon, Amazon has plenty of options. What are the options for the USPS? Trump's Amazon Twitter tirades have often coincided with negative press from the Washington Post, a paper owned privately by Amazon CEO Jeff Bezos. Experts have noted that its nearly unprecedented for a sitting president to criticize a US business, and some of those rants have actually caused the company's stock to fall. In any case, revenue the USPS makes from Amazon helps offset unprofitable parts of its business, so raising rates to gain more revenue may produce the opposite outcome, said financial analyst Scott Devitt. " Amazon also uses all major logistics companies in the US," he wrote in a report. "Amazon does use USPS but, if an arrangement were to become uneconomic to Amazon, Amazon has plenty of options. What are the options for the USPS?"