Amazon says it reaches deal with U.S. Postal Service on package deliveries

Amazon.com said Monday it has reached a ‌new agreement with the U.S. Postal Service ‌on package deliveries.

Sources told Reuters the deal will result ​in Amazon, which is USPS's largest single customer, retaining around 80% of its existing deliveries with USPS, or more than 1 billion packages ‌per year.

Amazon’s ⁠plan to replace the Postal Service with its own nationwide delivery service ⁠posed an existential threat to the mail agency, which has a roughly $80 billion budget. Amazon ​represented $6 billion ​in annual revenue, ​according to two people ‌familiar with the business arrangement.

"We're pleased to have reached a new agreement with USPS that furthers our longstanding partnership and will let us continue supporting our customers and communities ‌together," Amazon said in a ​statement.

Amazon earlier had criticized ​USPS plans to ​auction off access to its last‑mile ‌delivery network. The retailer ​had threatened ​to cut its delivery business at the cash-strapped Postal Service by at least two ​thirds, Reuters ‌reported last month.

USPS did not immediately comment.

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