business / news / / The Independent
Postal Service have reportedly come to a tentative agreement regarding package handling.
Amazon and USPS have agreed to a gradual 20% reduction in package volume, not 66%.
KEY POINTS
- The agreement is pending approval by the Postal Regulatory Commission before implementation.
- Amazon was responsible for nearly 15% of all USPS deliveries, totaling about $6 billion in revenue.
- USPS re-engaged with Amazon after alternative bidders failed to meet revenue and volume expectations.
- Amazon would have struggled to replace USPS capacity for rural last-mile deliveries on short notice.
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