In his annual letter to shareholders, Amazon CEO Andy Jassy subtly hinted at the company's plans to benefit from the potential privatization of the U.S. Postal Service. With a backdrop of significant profit growth, Jassy's optimism comes amidst socio-economic concerns, particularly for the thousands of workers facing low pay and high injury rates. As Jassy describes Amazon's commitment to serving rural customers, the implications of the USPS's privatization could pose serious threats to public mail delivery and those associated with it.
Jassy's letter spotlights the continued meteoric rise of Amazon - 11 percent revenue growth in just the last year to $638 billion, itself a 75-fold increase over two decades ago; staggering 2024 profits of $69 billion, an increase of 86 percent over 2023's record take.
As some other companies are abandoning small-town customers due to cost to serve, we're going the other way - we're investing to serve our rural customers even better.
Collection
[
|
...
]