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.
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