On a quick and dirty look, I don't think those figures are right. Here's what I found for 2020:
USPS 2020
Revenues & Expenses
Package revenue: $28,537M
Overall revenue: $73,123M
Overall expenses: $82,309M
Net profit: -$ 9,176M
Mail volume - pieces per year
Packages: ~6.4B
Marketing mail: ~75B
First class mail: ~54B
The press release listed all volumes as changes and percents - I've made a quick effort to back out approximate total volumes.
Data from
https://about.usps.com/newsroom/national-releases/2020/1113-...Fedex
Revenues & Expenses
Package revenue: Unknown
Overall revenue: $69,217M
Net profit: $ 1,286M
Mail volume - pieces per year
Packages: ~4.6B
Marketing mail: N/A
First class mail: N/A
Packages are presented per day, but only count operating days (255/yr)
The source I found split expenses up into cost of goods sold/SG&A/other/operating. I'm not clear what each one means and don't want to misrepresent - try the link!
Data from
https://www.fedex.com/en-us/about/company-structure.html and
https://www.macrotrends.net/stocks/charts/FDX/fedex/financia...So USPS carries more packages, as well as insane volumes of mail that UPS/FedEx won't. Despite the significant volume differences, expenses are within 20% between the companies.
USPS 2020
The press release listed all volumes as changes and percents - I've made a quick effort to back out approximate total volumes. Data from https://about.usps.com/newsroom/national-releases/2020/1113-...Fedex
Packages are presented per day, but only count operating days (255/yr) The source I found split expenses up into cost of goods sold/SG&A/other/operating. I'm not clear what each one means and don't want to misrepresent - try the link! Data from https://www.fedex.com/en-us/about/company-structure.html and https://www.macrotrends.net/stocks/charts/FDX/fedex/financia...So USPS carries more packages, as well as insane volumes of mail that UPS/FedEx won't. Despite the significant volume differences, expenses are within 20% between the companies.