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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Stamps.com stock plummets after this is a partnership with the US Postal Service

Stamps.com stock plummets after this is a partnership with the US Postal Service



The company says Amazon is destroying the shipping business, and it has to deal with postal service competitors that are coming to the future.

Amazon has popularized a two-day delivery with its premier service, and Stamps.com says its customers require two-day shipping guarantees. FedEx ( FDX ) UPS ( UPS ) and DHL offer these warranties.

"One of our non-negotiable points is that … we will no longer be exclusive to USPS," said CEO Kenneth McBride in a conversation with analysts on Thursday evening. "USPS has not agreed to accept these terms or any other terms of our affiliate offer."

McBride said Stamps.com decided to stop its shipping partnership with the postal service so that it could "fully embrace the partnership with other carriers that we think

USPS refused to comment on the news.

Stamps.com ( STMP still allow their customers to print stamps, but McBride said that the decision to terminate an exclusive deal would "cause some short-term pain for us over the next few years."
He said that now Expects a decline in revenue by 8% this year. Forecasts analysts McBride said the key reason why Stamps.com made its decision to end the postal partnership partnership Amazon ( AMZN ] publicly stated that the sale would increase by more than 1
6 percent. that he will fall into the business of delivery. 19659005] "The Amazon has been the trigger for a breach of the industry, so their threat should be taken seriously by every player in the shipping industry," he said. "We are setting our corporate strategy, believing that Amazon will become a major global player in shipping."
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