Amazon says U.S. Postal Service 'walked away at the eleventh hour' in negotiations

Core Viewpoint - Amazon's relationship with the U.S. Postal Service (USPS) has deteriorated following failed contract renewal negotiations, leading to plans to significantly reduce package volumes sent through USPS [1][2]. Group 1: Contract Negotiations - Amazon stated that negotiations with USPS for a new long-term agreement lasted over a year before collapsing in December when USPS "abruptly walked away" [1][3]. - The company aimed to increase its package volumes with USPS, but now plans to cut volumes by at least two-thirds when the current contract expires at the end of September [2]. Group 2: Future Actions - Amazon has submitted a bid as part of USPS's new auction process, expressing hope to maintain a partnership, albeit at a reduced level [3]. - The company has requested engagement with Postmaster General Steiner to find a solution, indicating urgency as the opportunity to resolve the situation is "rapidly closing" [3].