Amazon is rapidly expanding its air fleet to handle more shipping, but FedEx isn't worried [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Amazon will compete with FedEx and UPS to become logistics company Amazon is rapidly expanding its air fleet to handle more of its own shipping, but FedEx isn't worried Share Tech show chapters From planes to vans, Amazon is rapidly expanding into shipping 7 Mins Ago | 10:02 Katie Schoolov Published 7 Mins Ago That's what analysts think about the recent expansion of Amazon Air to include 50 planes and several new regional hubs, including a $1.5 billion hub opening in northern Kentucky in 2021. According to Wolfe Research, the e-commerce giant is now handling its own shipping for 26 percent of online orders. In a December press release, Amazon said that it can "transport hundreds of thousands of packages per day" with its new "dedicated air network" and that its fleet of planes make "two-day shipping possible almost anywhere in the U.S." "Amazon is looking to become a logistics company in their own right," said Ravi Shanker, Morgan Stanley's North American transportation analyst. "We
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- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- CMCSA's page on the SEC website