• The US Postal Service's volumes tanked for the first time in nearly a decade - here's why insiders say FedEx and Amazon are to blame

    3 days ago - By Business Insider

    The US Postal Service reported a decline in package volume for the first time since 2010.
    The cash-strapped quasi-government agency has largely depended on the boom in e-commerce shipments in recent years.
    Strategic moves at FedEx and Amazon are to blame for the tumble in package volume.
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    The US Postal Service hemorrhaged some $69 billion from 2007 to 2018.
    And now, one of the few pillars that seemed to be keeping the troubled USPS in business is crumbling. The agency, which is burdened with pre-funding its pension plan for the next 75...
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