From Quartz.
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Amazon plans to cut its US Postal Service delivery volumes by at least two-thirds before its contract expires this fall, a move that could strip billions in revenue from an agency in severe financial distress. The shift follows a structural change by Postmaster General David Steiner, replacing one-on-one USPS contract talks with a competitive open-bid auction. Amazon says it negotiated a near-final deal before the auction model was introduced and has submitted a bid under the new process. With winners expected no earlier than midyear and contracts finalized late in the third quarter, the company warns of limited time before an October cutoff. USPS recently invested in package hubs, amid a $9 billion fiscal 2025 loss. #amazon #usps #logistics #packagedelivery #postalservice
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