The USPS has requested to renegotiate one of its key arrangements with Stamps.comwww.cnbc.com/2018/08/09/stampscom-plunges-after-disclosing-that-its-deal-with-usps-could-chan.html
A similar arrangement between the USPS and AMZN, if renegotiated, could result in between $1B and $1.8B in incremental shipping costs for AMZN, with USPS fees accounting for 40-50% of shipping cost in the US, a 20% increase would result in $1.8 B in incremental shipping costs
Tomorrow, Trump’s USPS Task Force will make its official report to the president.
Today the USPS released its financial results; it’s 3q loss increased to $1.489 B from $1.335 B in 2q about.usps.com/who-we-are/financials/financial-conditions-results-reports/fy2018-q3.pdf
Trump hates Amazon and has personally been pushing postmaster general Megan Brennan to double the rate USPS charges AMZN for package delivery. A doubling would result in more than $3 B in incremental shipping costs
“The Postal Service said there was an urgent need for legislative and regulatory changes in order to attain financial stability.”