The Guardian - The US Postal Service will run out of funds within a year, unless lawmakers lift a cap on how much money the agency can borrow, according to the postmaster general.
In an interview with the Associated Press, David Steiner warned that the postal service – which relies on stamps and service fees rather than tax dollars to deliver mail six days a week to every address in the country – would run out of cash for employees and vendors by February next year.
The agency has operated with a financial shortfall almost every fiscal year since 2007, as people and businesses have moved toward paperless billing and digital communication, forgoing first-class mail. But mail deliveries have continued, with USPS borrowing money from the US treasury to compensate for losses.
Independent, UK - Amazon plans to significantly reduce the number of packages it ships through the U.S. Postal Service as the agency struggles to stay afloat financially.
USPS’s biggest customer has scaled back the number of packages it sends through the service and intends to slash that number by at least two-thirds this fall, Amazon sources told The Wall Street Journal.
Nearly 15 percent of packages delivered by USPS in 2025 came from Amazon...
Amazon has relied heavily on USPS’s last-mile service to reach customers in remote and rural areas. The last mile of delivery is the most expensive part of the shipping process, accounting for up to 53 percent of a shipment’s total cost, according to the Association for Supply Chain Management.
No comments:
Post a Comment