""No company could weather that much revenue loss," Steiner said, highlighting the severity of the USPS's financial situation as mail volume plummets from 213 billion to 109 billion pieces annually."
""If I have 71% of my routes that are losing money, guess what I can do? Cut routes. If I have 80% of my stores that are losing money, I can cut routes, I can raise prices... We don't have options. We have mandates," Steiner stated, illustrating the constraints faced by the USPS."
""We negotiated with [the USPS] in good faith for more than a year to reach a deal that would bring them billions in revenue... until USPS abruptly walked away at the eleventh hour in December," Amazon expressed, indicating the breakdown in negotiations and its impact on USPS revenue."
The U.S. Postal Service is experiencing a financial crisis due to a significant drop in mail volume, leading to an estimated $81 billion income decline. Postmaster General David Steiner emphasized the lack of options for USPS compared to private companies, which can cut routes and raise prices. The urgency of the situation has prompted discussions about cutting delivery days and tightening operations. Additionally, Amazon's decision to reduce parcel shipments via USPS further complicates the agency's financial outlook.
Read at Practical Ecommerce
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