Amazon’s Postal Service is about to become the new USPS.
Amazon has been in the postal business for decades, and its chief financial officer said the company would like to become “the world’s largest and most efficient” postal service.
Amazon, which has long been a rival to FedEx and UPS, said on Wednesday it will be buying the post office for $5.7 billion, with FedEx getting $2.4 billion.
Amazon CEO Jeff Bezos said that Amazon would become the “world’s largest” and “most efficient” service provider for postal delivery.
The deal is a boon for Amazon, which competes with FedEx and other postal services.
Amazon has been building its own mail service since 2009, and has built out a network of delivery trucks, warehouses, and delivery centers.
The company currently has about 3,500 trucks delivering packages to customers in more than 300 cities in the United States.
Its Postal Service division employs more than 3,000 people.
“Postal Delivery, which is our fastest growing business, will continue to grow as we continue to deliver millions of packages a day to customers across the country,” Bezos said in a statement.
However, Amazon faces resistance from postal unions and consumers who say it is stealing their business, particularly with some customers unable to get packages in time.
More: Amazon’s Prime program, which allows customers to pay $99 a year for movies, TV shows, and games, is already hurting postal workers, who are expected to be among the first to go.
Amazon also has been struggling with the fallout from a lawsuit brought by postal unions against it.
Postal unions filed the lawsuit against Amazon in November over the company’s “monopolistic practices.”
Amazon said in the filing that it will have to “adopt, adopt, adopt” by 2021 of the new Postal Service bylaws and bylaws will include “restrictions on the ability of postal employees to communicate directly with customers.”
The Post Office union is asking a federal judge to stop Amazon from taking over the service, saying that the deal would be a “fraudulent exercise” that would harm workers.
A settlement was reached last month that will see Amazon keep the Postal Services operations for two years.
Related: Amazon to pay up to $8.5 billion for Post Office, UPS, FedEx service