Treasury agrees to lend Postal Service $10 billion in trade for rivals’ shipping contracts

The Treasury Department agreed to loan the U.S. Postal Service $10 billion in emergency coronavirus relief funding Wednesday in exchange for proprietary information about the mail service’s most lucrative private-sector contracts.

The Postal Service, subject to confidentiality restrictions, will provide Treasury copies of its 10 largest “negotiated service agreements,” or contracts with high-volume third-party shippers such as Amazon, FedEx and UPS, and receive a crucial injection of cash that postal officials say will keep the debt-laden agency solvent for at least another year, according to a copy of the loan’s term sheet obtained by The Washington Post.