> If it was wildly successful, how did we end up with tons of private competitors with a large market share (FedEx, UPS, DHL, OnTrac, etc).
Because the US Postal Service is viewed as a utility, and required to service every address in the continental US (as well as most of its territories). Fedex, UPS, and other private carriers are under no such obligation, and so can extract profits from the most profitable routes or services, leaving USPS with more less profitable services to provide (first class, bulk mail).
If you don't think the USPS provides a phenomenal service for the price they charge, you're insane. I can send an ounce of paper across a continent for $0.50-$1.09.
Because the US Postal Service is viewed as a utility, and required to service every address in the continental US (as well as most of its territories). Fedex, UPS, and other private carriers are under no such obligation, and so can extract profits from the most profitable routes or services, leaving USPS with more less profitable services to provide (first class, bulk mail).
If you don't think the USPS provides a phenomenal service for the price they charge, you're insane. I can send an ounce of paper across a continent for $0.50-$1.09.