Originally Posted by
BoilerUP
We missed October 2019...but here were are a bit over four years beyond the original post and, perhaps to everyone's surprise and dismay, Amazon has yet to become the world's largest overnight parcel delivery service.
So where is Prime Air actually at, 50 airframes today with 20 more coming by the end of 2021 operated by no fewer than five different airlines?
Amazon to deliver 3.5 bln packages through own network in 2019
BY Reuters
— 12:57 PM ET 12/19/2019
Dec 19 (Reuters) - Amazon.com Inc. said on Thursday it was on track to deliver 3.5 billion customer packages globally this year through its in-house delivery network.
Amazon, with its growing network of delivery planes, trucks and vans, is regarded as a potential long-term threat to FedEx Corp (FDX) and United Parcel Service Inc (UPS), both of which have long counted the e-commerce company as a customer.
A Morgan Stanley analysis from last week estimated that Amazon (AMZN) logistics delivered about 20% of company's packages last year and nearly 46% in 2019 through August.
The brokerage estimated the Amazon ( AMZN) delivery network will move 6.5 billion packages for the company by 2022, more than UPS at 5 billion and FedEx (FDX) at 3.4 billion.
Amazon (AMZN) said it now has 150 U.S. delivery stations employing more than 90,000 people. (Reporting by Munsif Vengattil in Bengaluru; Editing by Shinjini Ganguli)
I guess we will have to wait until 2022.......