Originally Posted by
Noworkallplay
Not worried at all. Let them haul the garbage for no margin. I would rather haul the millions of pounds of other freight at much more profitable margins. Not a shortage of other business outside of Amazon and other opportunities will continue to arise. FedEx looks brilliant now for booting Amazon.
https://www.bloomberg.com/news/artic...of-pricey-jets
Amazon started a UPS-like parcel service in the U.K. last year, but abandoned a similar effort in the U.S. amid the surge in online orders. Much of Wall Street believes Amazon will eventually fly packages for other companies to defray investments in Amazon Air and generate new revenue streams, much the way it did with other logistics services and its cloud-computing division.
“I absolutely expect them to pick that up again,’’ says Ravi Shanker, a Morgan Stanley logistics and transportation analyst.
But for now, Amazon Air ships items already in its warehouses, typically bound for customers.