Trump’s USPS Task Force looms over AMZN tomorrow

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by iowaaah

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

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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

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“The Postal Service said there was an urgent need for legislative and regulatory changes in order to attain financial stability.”

www.ecommercebytes.com/2018/08/09/same-old-pattern-as-usps-reports-quarterly-results/

 

 

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