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Amazon reaches delivery agreement with the United States Postal Service
Investing.com – Amazon.com (NASDAQ:AMZN) said Monday that it has reached a new agreement with the U.S. Postal Service regarding package delivery.
Citing sources, Reuters reported that the agreement will allow Amazon to keep about 80% of its current delivery volume through the U.S. Postal Service, or more than 1 billion packages per year. Amazon is the single largest customer of the U.S. Postal Service.
The Wall Street Journal reported that this means the U.S. Postal Service’s package volume will decline by 20%.
The Postal Regulatory Commission must review and approve this initial agreement.
In a statement, Amazon said: “We are pleased to have reached a new agreement with the U.S. Postal Service. This further advances our long-standing partnership and will enable us to continue supporting our customers and communities together.”
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