business / news / / The Boston Globe
Amazon reached a tentative agreement with the US Postal Service that will reduce the number of packages the e-commerce giant ships through the agency.
Amazon's new deal will reduce its USPS package volume by 20 percent if approved.
KEY POINTS
- The agreement preserves guaranteed revenue for USPS despite the reduced Amazon package volume.
- USPS will still deliver over 1 billion Amazon packages annually under the new contract.
- Amazon shifted strategy after USPS announced a bidding process for last-mile delivery services.
- The contract is pending approval from the Postal Regulatory Commission and would start in October.
COMPANIES
Summarized by Newsio from The Boston Globe. How we summarize →