The order does not specifically mention online shopping giant Amazon but Trump has complained that the company's deal with the USPS is a money loser for the service.
Packages have been one of the few bright spots in Postal Service's finances because first-class mail, its financial mainstay for decades, has fallen sharply. Is this executive order motivated by the desire to preserve a vital American institution, or the need to inflict corporate harm on a presidential enemy?
Trump issued the order on Thursday forming an administration task force, to be chaired by Treasury Secretary Steven Mnuchin, and directed it to evaluate the Postal Service's finances and operations, the Washington Post reported.
Additional reporting from Newsy affiliate CNN. Trump has also gone after Bezos personally and accused The Washington Post, which he owns, of being Amazon's "chief lobbyist". The creation of the task force comes nearly two weeks after Trump lashed out on Twitter, attacking Amazon, saying it was draining the USPS of money it can't afford to lose.
Were Amazon to elect not to absorb these costs in the event of a USPS rate hike, Credit Suisse says the firm could increase the cost of its Prime membership, which has been $99 a year since 2014 while Amazon has added more video, music, and faster shipping options to the membership.
The Postal Service is a government agency, but it operates as an independent business without direct taxpayer support. Credit Suisse estimates this could amount to a hit of $1 billion to $1.8 billion to Amazon's bottom line.
Amazon and other companies, like FedEx and UPS, drop off sorted packages, and a postal worker delivers them on their usual route.
What will happen is anyone's guess at this point, as a few important variables are unknown, such as whether the USPS will indeed hike its rates, how much such an increase would be, and how many packages the agency now delivers for Amazon. "Without this obligation, the Post Office actually turns a profit". But the USPS is still most likely undercharging businesses - not just Amazon - to ship packages. "It's also notoriously hard for cities and states to not lose money from maintaining subways and publicly owned parks, which is why those services are heavily subsidized by tax dollars and user fares".
State prosecutors changed tack previous year , filing almost 40 new money laundering charges against Ferrer, Larkin and Lacey. Ferrer also agreed to cooperate in the ongoing California prosecution against the founders who have not pleaded guilty.
Her office said that May had talked with US President Donald Trump by telephone on Thursday evening to discuss Syria. Russian Federation called the council meeting to challenge the West over the legality of the military action.
A legislative report on the accusations, which made no recommendations about Greitens' political future, was released on April 11. Jim Martin, one of Greitens' attorneys, said the deposition of the woman tells a different story than the House report.
It also makes use of Google's most advanced compression algorithm, using up to 40% less data to display search results. Currently, when you point your camera at a dog, the app will show you its breed and some interesting facts about it.
Russia's military said Syrian air defense units downed 71 out of 103 cruise missiles launched by the US and its allies. She urged Russian Federation and Iran to help prevent any further use of chemical weapons by Assad's regime.
During that time, he appointed a special counsel to prosecute a high-profile case that led to Libby's guilty verdict in 2007. Lowry objects, as we read him, but the temptations that come with any special prosecutors special power.
NBC affiliate WRAL checked out a burger with a tarantula stacked onto it at Bull City Burger and Brewery this week. A hairy, chargrilled tarantula sits right on top of a juicy beef patty for your taste buds to munch on.
Kensington Palace announced today that Alexi Lubomirski will be the official photographer for the couple's May 19 nuptials . The pictures taken at Frogmore House in Windsor included one intimate black and white portrait of the couple embracing.
It's not enough for Bayern to simply win the league, or even the double or the treble - it has to be done in a certain style, too. Kovac, who won the 2002/03 league and cup double as a Bayern player, was appointed Eintracht Frankfurt in March 2016.
Why Chibok Girls Release Is Taking Time - PMB
The post Federal Govt not aware 98 Chibok girls are dead, says Garba Shehu appeared first on The Nation Nigeria . Nigerian authorities have made a commitment to make schools safer and more resilient to attacks, UNICEF said.
Russia bans use of messaging app Telegram
In July of a year ago , the FSB requested that Telegram grant the agency access to a decryption process to view messages. The case was brought to court previous year by the FSB, Russia internal security service .
Trump lawyer Cohen seeks delay in porn star's lawsuit
She ordered the lawyers - including Cohen - to return to court Monday with more details, including a list of Cohen's clients. Cohen said he paid Daniels $130,000 in exchange for her silence about her claim to have had a one-night-stand with Trump.
SRH vs KKR IPL 2018 Match 10 Live Streaming on Hotstar
Their fielding was also of a high order with Manish Pandey taking two unbelievable catches and Shakib plucking a sizzler. Kolkata Knight Riders vs Sunrisers Hyderabad live match can also be watched on JioTV and HotStar mobile apps.
Costa returns to England in danger, ahead of Arsenal clash
However, they were knocked out of the respected group in the Champions League and have taken the competition by storm. Meanwhile, Marseille progressed after dumping RB Leipzig out of the competition, winning the tie 5-3 on aggregate.
Homeland security adviser steps down
A number of high level staffers have chosen to leave or have been pushed out since Bolton's appointment. McMaster, who reportedly clashed with President Trump on foreign policy.