AMAZON SAYS US POSTAL SERVICE ‘WALKED AWAY AT THE ELEVENTH HOUR' IN NEGOTIATIONS

Summary from the TLDR newsletter

Amazon's contract renewal negotiations with the US Postal Service have fallen apart. The company plans to sharply reduce the number of packages it sends through the Postal Service when the contract expires at the end of September. It has submitted a bid as part of the Postal Service's auction process with the hope of continuing the partnership, even at a reduced level. Amazon last year committed to spending roughly $4 billion by the end of 2026 to triple the size of its rural delivery network.