Amazon and its rivals are teaming up to keep the U.S. Postal Service the way it is

Jed Kim Aug 9, 2018
HTML EMBED:
COPY
U.S. Postal service mail handler Eric Smith sorts packages at the U.S. Postal service's Royal Palm Processing and Distribution Center on December 4, 2017 in Opa Locka, Florida. Joe Raedle/Getty Images

Amazon and its rivals are teaming up to keep the U.S. Postal Service the way it is

Jed Kim Aug 9, 2018
U.S. Postal service mail handler Eric Smith sorts packages at the U.S. Postal service's Royal Palm Processing and Distribution Center on December 4, 2017 in Opa Locka, Florida. Joe Raedle/Getty Images
HTML EMBED:
COPY

The U.S. Postal Service gives an update on its finances on Thursday morning. For years, pension costs and decreasing mail volume have caused the postal service to lose money. Now, many businesses are banding together to support the service, forming a lobbying group called the Package Coalition. It includes Amazon and other major e-commerce sellers. They are concerned that calls to reform the USPS could mean price hikes and service cuts. 

Click on the audio player above to hear more. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.