Op-Eds

For every Amazon package it delivers, the Postal Service loses $1.46

By Brian McNicoll

Published September 1, 2017 4:01am ET

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For every Amazon package it delivers, the Postal Service loses $1.46 — In many places, Amazon locates a depot near a post office, presorts the packages, and delivers them to the post office. (AP Photo/Ross D. Franklin, File) | Ross D. Franklin

An old salesman joke: A salesman says, “We sell below cost.” A customer asks how he can do that. “Simple,” he says. “We buy below cost.”

For a day or so last week, Jeff Bezos passed Bill Gates as the richest man in the world. And that’s pretty much how he did it.

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Amazon Commentary Jeff Bezos USPS