The U.S. Postal Service said Wednesday it intends to open its “last-mile” delivery network, the most expensive part of the shipping process, to large and small shippers, expanding beyond current arrangements with giants such as Amazon and UPS.

In a novel move, the U.S. Postal Service will open access to its last-mile delivery service for companies with the highest bid.

The U.S. Postal Service said on Wednesday it is seeking to boost revenue from its "last-mile" delivery network to major retailers and shippers as it warned of a looming financial crunch and said it could run out of cash as soon as early 2027.

Severe winter weather has prompted the United States Postal Service (USPS) to issue delivery warnings for 15 states.

With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.