The U.S. Postal Service launched a bid solicitation platform for retailers and logistics providers to compete for last-mile delivery service, aiming to increase revenue. The new process allows shippers of all sizes to reserve capacity at local processing units and post offices nationwide, offering fast, front-door parcel delivery.

Postmaster General David Steiner aims to generate billions in revenue from last-mile deliveries to offset a $2.8 billion operating loss. Shippers can propose volume, pricing, and tender times for same-day or next-day delivery, ensuring correct pricing for supply and demand. Amazon may reduce its USPS usage due to potential price increases.

E-commerce businesses are now able to compete for access to the last-mile delivery network, sparking increased interest. Companies like Amazon and UPS have utilized USPS for their extensive delivery footprint. The Postal Service plans to formalize accepted bids through negotiated service agreements for its Parcel Select product.

Read more at Yahoo Finance: USPS solicits retailers to reserve last-mile delivery capacity