Amazon and USPS Negotiations Are Crumbling. Will This Hurt the eCommerce Giant's Stock?
Amazon (NASDAQ: AMZN) once relied heavily on the United States Postal Service (USPS) to fulfill its "last mile" deliveries. 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 ...