Postal Service Losing Out on Federal Contracts, Report Finds that even the fed. government turns to private shippers rather than the US Postal Service when it wants to send packages. A report from the agency’s inspector general said that since 2001, private companies like FedEx & United Parcel Service had consistently captured 98 percent of the revenue from long-term shipping contracts with the government. While federal shipping contracts totaled an estimated $336.9 million last year, the Postal Service earned only $4.8 million of that, less than 2 percent of the overall amount, the report found. $122 Million went to UPS & Federal Express was awarded $48.5 million.
No reason Taxpayers money be wasted, when USPS can do the same service for a lot less money and when services are being cut.
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