“The U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to billions of dollars,” Trump tweeted. While Amazon didn’t respond to his attack at the time, shipping industry experts suggested that the president’s math was flawed and that USPS’s contract with Amazon should be profitable. (Amazon declined to disclose specific terms.)
And yet, it’s now undeniable that Amazon wouldn’t have been able to achieve its miraculous success had it not been for the convenience of USPS in its early days, Amazon founder and CEO Jeff Bezos conceded in a new interview with CBS Evening News on Monday.
“I didn’t have to build a transportation network to deliver the packages. It existed: It was called the post office,” Bezos told CBS’s Norah O’Donnell.