that his administration is considering using an emergency loan included in The CARES Act, the $2 trillion stimulus package passed by Congress last month, as leverage to require the cash-strapped US Postal Service to make massive changes to its structure and management."If they don't raise the price, I'm not signing anything," Trump said, referring to the emergency loan, which must first be approved by the US Treasury Department.
Trump's criticism of Amazon's relationship with the USPS is hardly new, and he has been suggesting for years that the USPS should raise the rates it charges to deliver packages for the company in order to recoup its losses. "Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?"Trump's reasoning may have some merit: logistics analysts have concluded that Amazon has been able to build a transportation network, in which the company can save money delivering its own packages, by relying significantly on the USPS.
However, as The Washington Post noted, raising package delivery rates could also make it more difficult for the USPS to compete with Amazon and other shipping companies like UPS and FedEx, hurting their financial state in the long run. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
USPS isn’t part of the Goverment?
I have a better idea. Let’s get a new President.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump donor paid Trump fundraisers to lobby for biggest Trump bailout - Business InsiderA Trump mega-donor who hired Trump fundraisers to lobby the Trump Administration got the biggest payout from the Trump Paycheck Protection Program Okay... Lmao Surprising - absolutely no one
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon extends pay raise for warehouse workers amid covid-19 - Business InsiderAmazon announced on Friday that it's extending the pay raise for warehouse workers until May 16, but ending the unlimited unpaid time off policy. SAI Trying to prevent striking I see SAI So ... this is a democracy, right? 🤔
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon used data from sellers to help make competing products: WSJ - Business InsiderAmazon reportedly used third-party sellers' data to single out products with the best earning potential and what product features they should copy. Amazon is one big flea market losing credibility since the coronavirus popped up. The least the website could do is mandatory addresses and origins of the products they sell. If a supermarket must publish that, why not Amazon? Is anyone surprised? Well.... why not?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple CEO Tim Cook tells Trump he predicts V-shaped economic recovery - Business InsiderApple CEO Tim Cook reportedly told President Trump that he predicts a V-shaped economic recovery after the coronavirus Nobody spends more time kissing Trumps ass than Tim Cook 😂 He should block his phone so he stops misinforming people! Go home Tim👎🏿..make Apple Great Again
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump says comments on disinfectant as COVID-19 treatment were sarcastic - Business InsiderTrump claims he was being sarcastic 'to see what would happen' when he suggested Americans might be able to ingest household cleaners to treat coronavirus Lame Kids, cover your ears, the President is speaking! Very dangerous he rather create an alternative reality with more lies than accept his mistakes UnfitToBePresident TrumpLiesPeopleDie 25AmendmentNow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump signs $484 billion coronavirus relief bill to boost small business, hospitals and testingThe new coronavirus relief package, signed by President Trump today, includes: -$310 billion in funds for the PPP -$60 billion for SBA disaster assistance loans and grants -$75 billion in grants to hospitals -$25 billion to bolster coronavirus testing Can't you do 400 million tests for $ 25 billion? $500M for Lysol injections. Government waste. Never should’ve shut everything down.
Source: CNBC - 🏆 12. / 72 Read more »