UPS pushes for changes to Postal Service reform bill - Yahoo
As Congress deliberates on a bill to put the United States Postal Service on a better financial footing, competitor UPS is lobbying furiously to make things more difficult for its old nemesis.
The Postal Service has lost money every year since 2009, but a recent bright spot on its balance sheet is package delivery. It made about $11 billion in delivering packages in 2020, as Amazon and other delivery-dependent businesses boomed amid COVID-19.
The Postal Service did that by utilizing and expanding its existing systems and fleet for mail delivery. A bill pending before Congress called the Postal Service Reform Act of 2021 would codify this integrated way of doing business.
As Congress deliberates on a bill to put the United States Postal Service on a better financial footing, competitor UPS is lobbying furiously to make things more difficult for its old nemesis.
The Postal Service has lost money every year since 2009, but a recent bright spot on its balance sheet is package delivery. It made about $11 billion in delivering packages in 2020, as Amazon and other delivery-dependent businesses boomed amid COVID-19.
The Postal Service did that by utilizing and expanding its existing systems and fleet for mail delivery. A bill pending before Congress called the Postal Service Reform Act of 2021 would codify this integrated way of doing business.
