The Danish post is the first to end letter collection, but others will follow https://t.co/FXpf1SfPHI ...

Core Viewpoint - Amazon is planning to expand its own national delivery operations and may reduce its reliance on the US Postal Service (USPS) due to stalled negotiations over a new shipping agreement [1][2]. Group 1: Negotiation Status - Amazon sought a new deal with USPS to secure more favorable rates and establish higher minimum parcel volumes, but discussions ended without an agreement [2]. - The current agreement between Amazon and USPS is set to expire on October 1, 2026, and Amazon had been looking for a four-year extension [4]. Group 2: Financial Implications - Amazon is expected to generate over $6 billion in revenue for USPS in 2025, accounting for 7.5% of USPS's total revenue for that year [4]. Group 3: Future Plans - In response to USPS's proposed changes, Amazon is preparing contingency plans to withdraw billions of parcels routed through USPS by the end of 2026 [3]. - USPS plans to conduct a reverse auction in early 2026, allowing Amazon and other major customers to bid for access to postal facilities, which would change the current arrangement that favors large corporations [6]. Group 4: Relationship Dynamics - Amazon has described USPS as a "long-standing and trusted partner" and remains committed to collaboration despite the ongoing negotiations [4][5]. - The shift in USPS's approach is part of a broader scrutiny of its commercial arrangements, aiming to open access to regional delivery companies [5][6].

The Danish post is the first to end letter collection, but others will follow https://t.co/rKdMTl6mSm ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Amazon is reportedly preparing to sever its relationship with the U.S. Postal Service, which could significantly impact the Postal Service's financial health as Amazon accounts for $6 billion, or 7.5%, of its revenue for the year [2]. Group 1: Amazon's Delivery Strategy - Amazon's expansion of its own delivery service aims to make it the most prevalent delivery service in the U.S. [2] - The company is testing ultra-fast delivery of groceries and essential items in 30 minutes or less in Philadelphia and Seattle [6]. - Amazon is focusing on speeding up delivery times to compete with rivals such as Walmart, Target, Uber Eats, and Instacart [7]. Group 2: Impact on the U.S. Postal Service - The Postal Service plans to auction access to its facilities, which would force Amazon to compete with national retail brands and regional shipping companies [3]. - Losing Amazon as a customer could be disastrous for the Postal Service, which has faced multibillion-dollar losses for much of the last decade [6]. - Industry groups are collaborating with lawmakers on a rescue package for the Postal Service amid these financial challenges [6]. Group 3: Ongoing Negotiations - Amazon has been in discussions with the Postal Service regarding a new service agreement but has not reached a consensus [5]. - Despite the potential for severing ties, there is still hope for an agreement as the Postmaster General met virtually with Amazon's CEO [5]. - Amazon expressed surprise at the Postal Service's decision to hold an auction after nearly a year of negotiations, indicating ongoing discussions to extend their long-standing partnership [4].

Over the past 25 years the volume of letters in the country has declined by 90%. In 2024 alone it fell 30%. That sealed their fate for Denmark’s state-owned mail service https://t.co/gCZo4aqmFo ...

Some national post offices have successfully reinvented themselves as the world becomes more digitised and demand for letter delivery declines. Others have been less fortunate https://t.co/5mzI2xSVR2 ...

The Danish post is the first to end letter collection, but others will follow https://t.co/XN78QLrINz ...

Canada Post and union reach deal in principle to end strike https://t.co/XRYrTaUXKO ...

Core Insights - The presentation aims to update stakeholders on CTT's transformation journey since the last Capital Markets Day in June 2022 [1] Group 1: Strategy and E-commerce Solutions - The presentation will include a segment on strategy and e-commerce solutions led by the CEO, Mr. João Bento [1] Group 2: Mail Services - The Chief Commercial Officer, Mr. Joao Sousa, will present on mail services [1] Group 3: Banking Operations - The CEO of the bank, Mr. Francisco Barbeira, will discuss banking operations [1] Group 4: Financial Ambitions - The CFO, Mr. Guy Pacheco, will outline the financial ambitions for 2028 [1] Group 5: Q&A Session - A Q&A session will follow the presentations to address any questions from stakeholders [1]