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Old 12-23-2019 | 03:58 PM
  #516  
sandman22
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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?
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