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The USPS Releases Its Strategic Plan. It May Not Be Good News for FedEx.
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<blockquote data-quote="cheryl" data-source="post: 4811621" data-attributes="member: 1"><p><strong>The USPS Releases Its Strategic Plan. It May Not Be Good News for FedEx. - Barron's</strong></p><p></p><p>On Tuesday, the U.S. Postal Service released details of its strategic vision for the service. The 10-year <a href="https://www.barrons.com/articles/postal-service-fedex-ups-parcels-shipping-mail-delivery-e-commerce-covid-19-pandemic-51589987608?mod=article_inline" target="_blank">plan</a> is sure to draw a lot of attention from politicians, employees, and the mailing public.</p><p></p><p>Businesses will care too. Many Americans might not realize it, but the USPS is a logistics heavyweight, with operations rivaling FedEx and UPS.</p><p></p><p>USPS sales topped <a href="https://about.usps.com/what/financials/10k-reports/fy2020.pdf" target="_blank">$73 billion</a> in its fiscal year ended September 2020. FedEx sales over the past 12 months amount to about $79 billion. UPS sales are about $85 billion.</p><p></p><p>The USPS also plans to offer one-, two-, and same-day delivery for business customers in hopes of generating $24 more billion in sales over the coming 10 years. That puts the USPS squarely in competition with the likes of FedEx. It might not be all bad news for private delivery services, though. If the USPS has to price the offering to subsidize mail losses, it could actually help UPS and FedEx by pushing up pricing.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4811621, member: 1"] [B]The USPS Releases Its Strategic Plan. It May Not Be Good News for FedEx. - Barron's[/B] On Tuesday, the U.S. Postal Service released details of its strategic vision for the service. The 10-year [URL='https://www.barrons.com/articles/postal-service-fedex-ups-parcels-shipping-mail-delivery-e-commerce-covid-19-pandemic-51589987608?mod=article_inline']plan[/URL] is sure to draw a lot of attention from politicians, employees, and the mailing public. Businesses will care too. Many Americans might not realize it, but the USPS is a logistics heavyweight, with operations rivaling FedEx and UPS. USPS sales topped [URL='https://about.usps.com/what/financials/10k-reports/fy2020.pdf']$73 billion[/URL] in its fiscal year ended September 2020. FedEx sales over the past 12 months amount to about $79 billion. UPS sales are about $85 billion. The USPS also plans to offer one-, two-, and same-day delivery for business customers in hopes of generating $24 more billion in sales over the coming 10 years. That puts the USPS squarely in competition with the likes of FedEx. It might not be all bad news for private delivery services, though. If the USPS has to price the offering to subsidize mail losses, it could actually help UPS and FedEx by pushing up pricing. [/QUOTE]
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