BUSINESS NEWSWIRE: U.S. Postal Service Risks Amazon Deal to Avoid Financial Collapse EXCLUSIVE DEAL ENDING: The U.S. Postal Service risks its Amazon partnership by opening its delivery network to other shippers to avert financial collapse. SHIPPERS WILL BID FOR USPS SERVICE: Amazon is now evaluating its options, as it loses it flat rate deal. The U.S. Postal Service is making a high-stakes gamble, risking its most lucrative partnership with Amazon in a desperate bid to stave off financial collapse. Facing billions in ongoing losses and a looming cash crisis within two years, the USPS plans to open its extensive “last-mile” delivery network to multiple shippers. This move, intended to generate much-needed revenue, could alienate Amazon, its largest customer, which currently contributes an estimated $6 billion annually. Amazon, having negotiated for nearly a year to extend its partnership, expressed surprise at the USPS’s decision to run an auction for these services, stating it is now evaluating all options for its delivery network. The core of this tension lies in the USPS’s unique legal mandate for universal service, requiring it to deliver mail across the entire U.S. at a uniform price, including costly rural and remote areas. This obligation, while making the USPS an attractive, cost-effective partner for Amazon’s last-mile deliveries, is also a primary driver of the agency’s financial strain, especially as traditional letter volumes plummet. Experts suggest that while attracting more shippers makes operational sense, losing Amazon’s substantial volume would severely worsen the Postal Service’s precarious financial state. The situation underscores a national dilemma of maintaining universal postal service, that is deemed vital for the country. This may require significant annual government appropriations to bridge the gap left by a changing communication landscape and the high costs of its foundational mission. #USPS, #Amazon, #USPSAmazonDeal, #PostalService, #AmazonDelivery, #LastMileDelivery, #USPSFinancialCrisis, #AmazonPartnership, #PostalAuction, #ShippingNews, #Ecommerce, #Logistics, #USPSAuction, #AmazonOptions, #PostalReform, #UniversalService, #RuralDelivery, #PackageDelivery, #AmazonLogistics, #USPSRevenue, #FinancialCollapse, #PostmasterGeneral, #DavidSteiner, #AmazonSpokesman, #DeliveryNetwork, #ReverseAuction, #ShippersBid, #USPSLosses, #AmazonPrime, #ParcelVolume, #EcommerceNews, #SupplyChain, #BusinessNews, #BreakingNews, #USPSNews, #AmazonNews, #LogisticsIndustry, #ShippingIndustry, #PostalCrisis, #AmazonExpansion, #LastMile, #DeliveryPartners, #USPSPartners, #AmazonShipping, #PostalFinance, #GovernmentServices, #EcommerceGiant, #PostalRevenue, #AuctionPlan

News: @PitneyBowes Parcel Shipping Index reveals China is first country to ship 100 billion parcels as global #parcelvolume reaches 159 billion in 2021. Watch below for more key findings from the Parcel Shipping Index: pbi.bz/3LCwVY4 #ecommerce #shipping #logistics