Report: Despite Trump’s attack, Amazon unlikely to pay higher Postal Service fees
President Trump on Tuesday continued to attack Amazon, tweeting that the online giant was “costing the United States Post Office massive amounts of money for being their Delivery Boy.”
For almost the past week, Trump has been calling out Amazon’s package-shipping deal with the postal service, insisting that the post office is losing money big time and that Amazon should pay more. Despite his attacks, however, it is doubtful that the criticism will result in higher shipping rates for Amazon from the U.S. Postal Service, reported MarketWatch, citing a note by PiperJaffray.
“[W]e find it unlikely that the Post Office will materially raise rates for Amazon deliveries, given Amazon would likely shift to alternative shipping options (perhaps both internal and external),” PiperJaffray wrote.
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For almost the past week, Trump has been calling out Amazon’s package-shipping deal with the postal service, insisting that the post office is losing money big time and that Amazon should pay more. Despite his attacks, however, it is doubtful that the criticism will result in higher shipping rates for Amazon from the U.S. Postal Service, reported MarketWatch, citing a note by PiperJaffray.
“[W]e find it unlikely that the Post Office will materially raise rates for Amazon deliveries, given Amazon would likely shift to alternative shipping options (perhaps both internal and external),” PiperJaffray wrote.
Click here for more.