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As Amazon Air Expands, FedEx And UPS May Suffer
Posted
February 16, 2019
Views
2,981,952
Likes
24,793
Comments
3,171
Engagement
0.94%
February 16, 2019
2,981,952
24,793
3,171
0.94%
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10:15Now PlayingAmazon aims to compete with FedEx and UPS in the logistics and shipping industry. That's what analysts told CNBC after Amazon Air recently expanded to 50 planes and announced it will open a $1.5 billion air hub in Northern Kentucky in 2021. Amazon is handling up to 26% of its own shipping, meaning FedEx, UPS and the U.S. Postal Service are losing a portion of Amazon's business. FedEx says it's not worried, but Morgan Stanley reports the major shippers have already lost 2% revenue to Amazon Air.
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As Amazon Air Expands, FedEx And UPS May Suffer
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