UPS (NYSE UPS) is “a package delivery company, provides transportation, logistics, and financial services in the United States and internationally” (see full business summary here).
UPS Income statement for 2011 – view it here. Net income: $3,804,000,000
— contrast the above with —
USPS – the United States Postal Service… enough said.
USPS income statement for 2011 – view it here (page 3). Net income: $-3,100,000,000
That’s right – the USPS 2011 income statement was negative 3.1 billion dollars while UPS was positive 3.8 billion dollars.
Maybe we should turn the USPS over to the private sector?