USPS, DHL eCommerce sign $10B deal

The United States — United States Postal Service>>> (USPS) and Deutsche Post — DHL Group>>>, a subsidiary of DHL Group>>>, have signed a multi-year parcel delivery contract. This agreement, valued at a minimum of $10 billion, will see the United States — United States Postal Service>>> handle last-mile e-commerce deliveries for Deutsche Post — DHL Group>>> across the United States. Postmaster General David Steiner>>> emphasized the deal's importance for the financially struggling United States — United States Postal Service>>>. Scott Ashbaugh>>>, CEO of Deutsche Post — DHL Group>>> Americas, stated that the partnership will help Deutsche Post — DHL Group>>> double its business by 2030 and expand its presence in the US market, leveraging the United States — United States Postal Service>>>'s extensive delivery network. This contract marks a renewed and extended commitment between the two entities, which have collaborated for about 25 years, and is part of the United States — United States Postal Service>>>'s broader strategy to secure major commercial partnerships to stabilize its finances, following similar agreements with companies like Amazon (company)>>>.