Trump attacks Amazon, demands it pay ‘MUCH MORE’ to U.S. Postal Service for deliveries

If President Donald Trump has his way, the cost of delivering Amazon packages will go up.

The nation’s chief in a morning tweet Dec. 29 once again took aim at the Seattle e-commerce behemoth, this time demanding it pay the U.S. Postal Service “MUCH MORE” for delivering Amazon packages.

“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?” Trump tweeted.

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“Should be charging MUCH MORE!”

The tweet before dawn Eastern time appeared to put a hit on Amazon’s stock, with the price opening almost 1 percent lower and continuing to slide somewhat to $1,178.82 by 8:30 a.m. after opening at $1,182.35.

Amazon has felt the Presidential sting before, in statements condemning not only the company but the Washington Post newspaper owned by Amazon CEO Jeff Bezos. In August, Trump tweeted that Amazon was causing “great damage to tax paying retailers,” although the company in April reportedly began directly collecting sales taxes on goods sold.

One analyst’s earlier estimate suggests Amazon may in fact be receiving a deep discount when using the U.S. Postal Service as a delivery agent. Bernstein analyst David Vernon said in 2015 that the mail service probably took care of 40 percent of Amazon’s deliveries in 2014, for about $2 a package — about half of what UPS or FedEx would charge, according to Bloomberg.

Amazon is working busily to free itself from the need to use the U.S. Postal Service and other delivery agents to bring packages to consumers, investing heavily in drone-delivery research and development.

 

Photo: Packages travel down a conveyor belt before being scanned and a shipping address is attached at the Amazon fulfillment center in Tracy, Calif., on Tuesday, April 12, 2016. (Doug Duran/Bay Area News Group)

 

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  • ROBERT PAUL

    The words: “attacks’ and “demands” are so typical of the biased views of the “lame-stream” media. Any way they can post a negative report about President Trump. Another perfect example of “fake news”. What proof do they have that the president attacked and demanded rather than questioned and commented?

    • Steve

      Amazing how the whole world is fake news other than Fox.

      • ROBERT PAUL

        You are so typical of the “heads buried in the sand” crowd. You cannot see reality. Keep watching the alphabet networks and stay in the dark. You must have really enjoyed our 1-2% economy, low worker participation rate, terrible trade deals, and disastrous foreign policy under Obama. Of course you didn’t know about these because the media you use didn’t tell you about them.

        • Steve

          I`ll have to remember to watch Fox only from now on since the whole rest of the world new is fake because Trump says so. Let that sink in Robert Paul. You and your 35% have been conned by a mentally ill man that can`t even form a whole sentence. Enjoy your Fox rage bubble, you are to stupid to even know you`ve been conned. BTW I hate Hillary and I get my news everywhere except Fox and MSNBC because I want REAL truth, not what biased news wants to sell me!

      • ROBERT PAUL

        More breaking news for you, Steve:

        Homes Gained $2 Trillion in Value This Year Under Trump, Zillow Says

        (Mark Plumley | Dreamstime)
        Friday, 29 Dec 2017 03:10 PM

        Your home may not have made the same gains as stocks or bitcoin, but it still was a robust year for the U.S. housing market.

        The value of the entire U.S. housing stock increased by 6.5 percent — or $2 trillion — in 2017, according to a report from Zillow. All homes in the country are now worth a cumulative $31.8 trillion.

        The gain in home values was the fastest since 2013, when real estate was in the early stages of its recovery from the recession.

        Yet it still trails the surge in other assets, with the S&P 500 Index up about 19 percent, and bitcoin increasing exponentially.

        Los Angeles is the most valuable U.S. housing market at $2.7 trillion, according to Zillow’s estimate of owner-occupied and rental homes, with New York second, at $2.6 trillion.

        The 10 most valuable metropolitan areas are worth $11.3 trillion combined, or 36 percent of the total value of the U.S. housing stock.

        A home might be a worse investment next year, as the new federal tax law reduces key benefits to ownership. That includes a lower limit on the amount of debt eligible for the mortgage-interest deduction and a cap on state and local tax deductions.

        Those changes will land hardest on homeowners in coastal markets with high property values — and taxes — and could lead to price declines, according to the National Association of Realtors.

        © Copyright 2017 Bloomberg News. All rights reserved.

  • DAK

    This article is stupid. What Trump is demanding is that the Post Office stop loosing money. The U.S. tax payers should not be providing welfare to those that use the mail to ship their goods.

 
 
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