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Amazon's Response to WSJ Report
Amazon issued a lengthy statement on Wednesday countering a Wall Street Journal report that exposed its plans to drastically reduce shipments via the United States Postal Service. The ecommerce giant emphasized it had no desire to scale back its partnership, blaming the USPS for walking away from ongoing contract negotiations.
Background on the Dispute
The USPS revealed this week it is facing severe financial strain and running out of money. As the existing contract nears expiration this fall, Amazon aims to cut packages sent through USPS by at least two-thirds, shifting volumes elsewhere amid the impasse.
didn't want to reduce shipments with the USPS, and that negotiations only stalled after the USPS abruptly walked away from negotiations for a new contract.
