US Postal Services wants retailers to compete for last-mile delivery [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
for the final delivery leg to individual homes and businesses, part of new Postmaster General David Steiner's strategy to restore financial viability by substantially raising revenue. A number of parcel industry analysts expressed skepticism about reopening its last-mile service, saying the economics don't work for smaller shippers. The Postal Service posted a $2.8 billion operating loss and a net loss of $9.5 billion during the fiscal year ended Sept. 30. Steiner told Reuters that the organization would likely run out of cash by early 2027. He said last month that the national post couldn't just rely on cost cutting to turn around the financial direction. The Postal Service has sold delivery service direct from post offices for years, but it has been limited to very large customers, like Amazon. There are more than 18,000 destination delivery units (DDU), the technical term for post offices. Leadership now wants to open the business to a broader customer case. Steiner's prede
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website