Undeterred by snow, rain, heat, gloom of night – and cheaper than ever. The U.S. Postal Service is slashing prices for big retailers in a bid to wrest holiday shipments from FedEx and UPS.
For customers shipping at least 50,000 packages a year, Uncle Sam’s mailing service will charge up to 58 percent less for its accelerating Priority service, in some cases undercutting its for-profit rivals.
FedEx and UPS are none too happy about this. The Postal Service has a monopoly on letters, they argue, and is raising prices on some customers unfairly to subsidize big retailers. The Postal Service, however, has another huge advantage they are past griping about: It doesn’t have to pay traffic tickets.