Originally Posted by
airbus300
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.......
I don't get this. FDX delivers 3.4 billion packages and it has a fleet of nearly 400 aircraft but Amazon delivers 3.5 billion and only has 50 aircraft? How is this possible?