Amazon Plans Start-Up Delivery Services for Its Own Packages [The New York Times]
United Parcel Service, Inc. (UPS)
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Source: The New York Times
Image Applicants accepted into Amazon’s new start-up delivery program will get access to Amazon-branded vehicles and uniforms like these. Credit Kyle Johnson for The New York Times By Julie Creswell June 28, 2018 SEATTLE — Amazon has more than 100 warehouses. It has a fleet of trucks, and even its own airplanes. Now, in another effort to help get its millions of packages to shoppers faster, it wants to build an army of delivery people, too. The company announced Thursday a new program aimed at helping people start their own businesses delivering packages for Amazon. For a minimum investment of $10,000, people in the United States will be able to open and manage their own delivery service handling Amazon packages. Although the couriers will not be employees of the company, they’ll get access to Amazon-branded vehicles, uniforms and more. By the company’s calculations, an owner could earn as much as $300,000 a year in profit by operating a fleet of up to 40
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- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
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