Money Minute: Amazon, Post Office Team Up for Sunday Package Delivery

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Sunday package delivery may be on the way to your home -- if you have Amazon Prime.

It's Veteran's Day, but the stock market is open. Last week, the Dow Jones industrial average (^DJI) rose 0.9 percent, closing Friday at its 34th record high of the year. The Standard & Poor's 500 index (^GPSC) added 0.5 percent for the week, but the Nasdaq composite index (^IXIC) edged lower.

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AP
Amazon.com is teaming up with the U.S. Postal Service. Beginning this week, packages from Amazon for its Amazon Prime customers will be delivered on Sundays in the New York and Los Angeles areas. Service in the Houston, Dallas, New Orleans and Phoenix metro areas will be added next year. The deal could add revenue for both Amazon (AMZN) and the Postal Service, which hopes to steal some business from UPS (UPS) and FedEx (FDX).

Shares of Twitter (TWTR) are likely to remain volatile this week. They rallied from the IPO price, but headed downhill since peaking on Thursday morning.

After Twitter's blockbuster opening, attention turns to who's next. Several Internet related companies, including Box, Square and Airbnb, are said to considering public offerings. Analysts say the demand for tech IPOs is very high right now. But there's some concern that the hot IPO market could signal a market bubble.

The casino industry in Atlantic City is in trouble. Half of the 12 casinos there have filed for bankruptcy protection in the past six years, including the Atlantic Club casino last week. Part of the problem is that casinos opened in neighboring Pennsylvania a few years ago, and last week, voters in New York approved a measure to expand gambling in that state as well.

Orange juice drinkers could soon get squeezed at the grocery store. The Agriculture Department has revised its forecast for the crop in Florida to show a 6 percent decline from last year. It's now expecting the smallest harvest in 24 years, and that could send prices higher.

-Produced by Drew Trachtenberg.

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sharisez

Number 1) It's going to cost you. Number 2) The PO already delivers on Saturday which neither FedEx or UPS do. Number 3) It will be profitable, or they wouldn't do it. Buuuuuuuuuuut, It's going to cost the customer big time.

November 13 2013 at 7:18 PM Report abuse -1 rate up rate down Reply
1 reply to sharisez's comment
aaldrew

I'm sure UPS delivers on Sat.

November 16 2013 at 9:33 PM Report abuse rate up rate down Reply
Annika

I look at it this way: stores and businesses are open on Sundays as well, so why not get deliveries? Regardless of who does it, it might create jobs or at least opportunities for workers to get more hours. Personally, I don't care if I get a parcel on Monday or Sunday as long as I get it.

November 13 2013 at 5:44 PM Report abuse rate up rate down Reply
rann948

So the PO makes another bad business decision. If Sunday delivery were profitable, private delivery companies would do it.

Of course, the PO competes unfairly with private industry. Pays no property tax. Got all its buildings, land, and equipment FREE from the taxpayers. And it still loses money. LOL

November 13 2013 at 4:52 PM Report abuse -2 rate up rate down Reply
2 replies to rann948's comment
sharisez

Your ignorance is amazing. The Post Office hasn't received a dime in tax money since 1970 when they passed the Postal Reorganization Act. Look it up. They support themselves on their own revenue and have even at times had their pockets picked (multiple years in the 80's) by Congress to pay for their own pork barrel projects. The reason they are in financial trouble NOW is because in an effort to create a fund they could raid regularly, Congress decreed that the PO must deposit payments for future medical coverage for retirees 75 YEARS in advance. No other organization or business in the US is required to do this. So, put your nasty ignorance away and quit spouting utter falsities you quite obviously made up out your own head about things you equally obviously know nothing about. Every thing I just said is easily checked, if you are more interested in the truth than you are attached to your ugly fictions.

Believe me, if the PO wasn't making money on the deal, they wouldn't be doing it. It's the customer that's going to pay. It will be like the old special delivery service the PO discontinued years ago. There will be a small number of carriers that do nothing on Sunday but deliver these parcels. Your regular carriers are not working on Sunday to do it, and it doesn't mean there will be anything else being delivered.

November 13 2013 at 7:31 PM Report abuse rate up rate down Reply
aaldrew

That's 'cuz the feds are running it. Like SS is screwed up and now Obbiecare.

November 16 2013 at 9:34 PM Report abuse rate up rate down Reply
arenadood

If it helps them Financially, Why not. The Post Office could use the business.

November 13 2013 at 4:11 PM Report abuse +2 rate up rate down Reply
ronls2000

REMOVE ME FROM YOU EMAILS, YOU POSTED ACCOUNT NUMBERS ON LINE. I DID NOT GIVE THEM TO YOU, I DID HOWEVER TELL YOU WITH WHICH STOCK HOUSE I TRADE I MUST ASSUME YOU HACKED INTO MY ACCOUNTS.

UNSUBSCRIBE ME AT ONCE

November 12 2013 at 10:13 AM Report abuse -1 rate up rate down Reply
dbpearce0946

if the postoffice wants to survive ,they need to stop damaging packages. I will not order from a company that ships USPS!!!

November 12 2013 at 12:19 AM Report abuse -5 rate up rate down Reply
1 reply to dbpearce0946's comment
sharisez

Good luck with that. The USPS handled 400,000,000 parcels for UPS and FedEx last year. UPS or FedEx charge you a premium price and then go mail it at USPS because a) It's cheaper so they can pocket the difference. and b) USPS delivers on Saturday. Neither UPS or FedEx do. You've been suckered in other words.

November 13 2013 at 7:35 PM Report abuse +1 rate up rate down Reply
Drake J Scheetz

Way to go USPS.

November 11 2013 at 11:24 PM Report abuse +2 rate up rate down Reply
unced

Many internet companys have partnered with the post office long before this article; I've has two deliverys innthe lst two weeks shipped from California via UPS then when in chicago to the local post office for delivery to my home. It seems to work fine.

November 11 2013 at 10:52 PM Report abuse +4 rate up rate down Reply
Arlene

Really we have to have it on Sunday? Hope this is an opt out idea.

November 11 2013 at 9:09 PM Report abuse rate up rate down Reply
1 reply to Arlene's comment
sharisez

There won't be any regular Sunday delivery.

November 13 2013 at 7:36 PM Report abuse rate up rate down Reply
Jeremiah

Too bad the Post Office can't learn from these guys...

November 11 2013 at 7:45 PM Report abuse -1 rate up rate down Reply
3 replies to Jeremiah's comment