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Amazon and USPS Negotiations Are Crumbling. Will This Hurt the eCommerce Giant's Stock? [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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That partnership was mutually beneficial: Amazon secured bulk shipping discounts from the USPS, while the USPS filled its unused delivery capacity. Amazon's delivery speeds also accelerated after the USPS started delivering its packages on Sundays in 2013. By delivering more packages, the USPS offset its declining letter mail revenues. But over the past decade, the e-commerce leader has expanded its first-party logistics network, Amazon Logistics, to reduce its dependence on USPS, UPS (NYSE: UPS) , and other third-party couriers. That expansion transformed Amazon from a partner to a competitor, giving the company even more leverage to negotiate lower delivery rates with its third-party partners. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Amazon. Amazon plans to reduce its USPS shipments by
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