Trump criticizes Post Office, Amazon over shipping rates
PALM BEACH, Fla. (AP) — President Donald Trump is criticizing the U.S. Postal Service, saying the agency is "losing many billions of dollars a year" and asking why it is "charging Amazon and others so little to deliver their packages."
Trump tweeted Friday that the post office "should be charging MUCH MORE!"
The post office has lost money for 11 straight years, mostly because of pension and health care costs. While online shopping has led to growth in its package-delivery business, that hasn't offset declines in first-class mail.
Shares of Amazon surpassed $1,000 each for the first time in April, and have continued to rise.