Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the US Postal Service on package deliveries, and sources said the cash-strapped mail system would retain about 80% of its existing deliveries from its biggest customer.

That 20% cut is a dramatically better outcome for the postal agency than the two-thirds ‌or larger reduction ⁠that ⁠Reuters reported last month Amazon had threatened.

USPS warned last month it could run out of ​cash as soon as October, and the risk that Amazon would replace the carrier by ​expanding its own delivery network or using rivals was an existential peril.