US Postal Service Signs Multiyear Deal to Solidify DHL Ties

The United States Postal Service and the e-commerce arm of global courier DHL signed a multi-year parcel delivery contract, a renewed commitment expected to bring in at least $10 billion in revenue for the mail carrier.

The USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement Thursday.

The deal secures a key source of business for the USPS as it works to repair its tattered finances after years of consistent losses. The agency has struggled to cover its immense operating costs and obligations amid declining mail volumes. ...