Amtrak was supposed to become self‐supporting after a transition period, but it has never earned a profit and it consumed more than $50 billion in federal subsidies over five decades to 2020. In fiscal year 2021, Amtrak had revenues of $2.1 billion, expenses of $4.1 billion, and a loss of $2.0 billion. According to recent reports, Amtrak currently loses around $1 billion per year in operations, with the company expecting to continue experiencing these losses for the foreseeable future.
The U.S. Postal Service (USPS) reported a net loss of $9.5 billion on total operating revenue of $79.5 billion in the 2024 fiscal year which ended on September 30, 2024, according to its annual financial results. The net losses were 46% higher than the annual losses in the 2023 fiscal year when it lost $6.5 billion.
Let somebody with brains take it over, Elon Musk’s Space Business Is Mind-Blowingly Profitable. Earlier this year, Payload Research estimated that SpaceX Starlink will generate revenue of $6.8 billion this year. Frederick W. Smith wrote his Fedex idea in his thesis at Yale, he received the grade of “C”, FedEx annual gross profit for 2024 was $62.062B, a 0.63% decline from 2023. FedEx annual gross profit for 2023 was $62.456B, a 2.84% decline from 2022. FedEx annual gross profit for 2022 was $64.279B, a 8.21% increase from 2021.
Anytime the government runs things it’s a disaster, look at Metro NYC’s MTA, let these bloated institutions be run by the for profit private sector, who know how to make money, and will. We could save billions and get better service to boot!
