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00:02Amazon plans to reduce the number of packages it ships through the U.S. Postal Service
00:06by at least two-thirds by fall when its contract expires, according to the Wall Street Journal.
00:12USPS delivered more than 1 billion Amazon packages last year, about 15% of its total volume,
00:18while reporting a $9 billion net loss in fiscal 2025. The agency expanded parcel capacity with
00:25new facilities and equipment, which may become underutilized if volumes fall.
00:30Amazon disclosed the plan during a competitive bidding process for last-mile delivery contracts.
00:35USPS will release results in the second quarter and finalize contracts by the end of the third
00:41quarter. Amazon may adjust bids, use other carriers, or expand its own network if not selected.
00:46For all things money, visit Benzinga.com.
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