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Amazon cuts back Postal Service deliveries in new agreement
USPS will keep about 80% of Amazon’s deliveries, preserving more than 1 billion packages a year, according to sources familiar with the deal.
- Amazon.com has reached a new agreement with the U.S. Postal Service to retain around 80% of its existing deliveries with USPS, or more than 1 billion packages per year.
- Amazon represented $6 billion in annual revenue to USPS, which has a roughly $80 billion budget.
- The renewed delivery agreement, pending regulatory approval, is welcome news for USPS, as Amazon is its largest customer.
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USPS handed lifeline after new deal with Amazon to deliver 1 billion packages
The deal comes amid a shifting landscape where Amazon increasingly competes with traditional carriers like FedEx and UPS, both of whom have grown wary of over-reliance on a major industry rival
·London, United Kingdom
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The agreement with Amazon comes at a time when the shipping agency faces severe financial difficulties
Amazon, USPS strike high-stakes deal: What you need to know
Amazon and the U.S. Postal Service have reached a new delivery agreement that preserves the bulk of their long-running partnership, easing fears of a major disruption to package shipments nationwide.
·Cleveland, United States
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Total News Sources40
Leaning Left9Leaning Right3Center16Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 32%
C 57%
11%
Factuality
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