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Postmaster General Louis DeJoy Resigns Amid $9.5 Billion Loss And Growing As USPS Faces Competitive Heat From Amazon, FedEX And UPS - FedEx (NYSE:FDX), Amazon.com (NASDAQ:AMZN)

1. Postmaster General Louis DeJoy resigns amid USPS financial challenges. 2. USPS projects a $9.5 billion loss for this fiscal year. 3. Amazon Logistics saw a 15.7% volume increase in shipping. 4. DeJoy's departure raises concerns about USPS management. 5. Amazon remains fourth in revenue among major carriers.

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FAQ

Why Bullish?

Amazon's growth in logistics positions it well amid USPS leadership change and financial issues, suggesting increased market share potential.

How important is it?

The article highlights Amazon's growth in logistics and USPS struggles, directly impacting Amazon’s market outlook.

Why Long Term?

Long-term implications may arise as USPS restructuring could favor private logistics firms like Amazon.

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