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Deal will allow USPS to retain about 80 per cent of its package delivery business from its largest customer.
Amazon's new agreement allows USPS to retain about 80% of its Amazon package volume.
KEY POINTS
- Amazon had previously considered cutting up to two-thirds of its USPS delivery volumes.
- USPS faces potential insolvency as early as October without sufficient revenue sources.
- Amazon plans to invest over $4 billion to expand its US rural delivery network by 2026.
- USPS recently sought an 8% temporary price hike for priority mail and package deliveries.
COMPANIES
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