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2021-09-06

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Amazon Moves To Directly Compete With Fedex, UPS In Shipping Services

Amazon.Com Inc AMZN 0.43% has begun transporting cargo for outside customers as the online retailer

Amazon Moves To Directly Compete With Fedex, UPS In Shipping Services

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One investigation found that the tech giant has already been transporting packages for the U.S. Postal Sevice.</p>\n<p>Amazon already has a “logistics as a service” program in the U.K. and analysts predict a similar program will be available in the U.S. later this year, or in the next 18 months.</p>\n<p><b>Why It’s Important:</b>&nbsp;Amazon is not expected to provide the wide array of services offered by&nbsp;<b>FedEx Corp</b>&nbsp;FDX 0.37%&nbsp;and&nbsp;<b>United Parcel Service Inc</b>UPS 0.44%, but rather choose the routes and cargo that work&nbsp;best with its logistics network.</p>\n<p>Amazon is currently shipping 72% of its own packages, a big increase from the 46.6% the company was transporting in 2019. “If Amazon develops a platform, it works well, and of course if it’s going to have excess capacity, they’re going to try to sell it to someone,” former Amazon product safety manager Rechel Greer tells CNBC.</p>\n<p>The company currently offers FBA services (Fulfilled by Amazon) which provide deliveries for some orders from eBay, Walmart and other companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123147311","content_text":"Amazon.Com Inc AMZN 0.43% has begun transporting cargo for outside customers as the online retailer works to grow its shipping business.\nWhat happened: After increasing the capacity of its logistics network by 50% year over year, Amazon will now be moving shipments for outside customers, according to a report from CNBC. 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Amazon Moves To Directly Compete With Fedex, UPS In Shipping Services

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