Business/Economics, U.S.

Corporate & Government incompetence: USPS paid FedEx $1.4 billion in 2010! Or did they?

Cash strapped U.S. Postal Service paid FedEx (called Federal Express until 1994) $1.4 billion in 2010, to send USPS packages!

It’s ironic because not only is FedEx a contractor with the USPS (one of the biggest), it’s also a rival of the USPS.

One consulting group, SJ Consulting, suggested the USPS stop sending so many airfreight packages through FedEx.  But here’s the thing, before anyone gets upset with the Postal Service, didn’t we postal customers actually pay for the cost of shipping those packages on FedEx?

Written by: Hutchins AAron on January 10, 2012.