Proof the merger is in motion and the new name of FedUp will be the succeeding name.....

Amazon is buying 767’s...How might that affect FedEx?
Could the on-line giant eventually compete on an even footing?...
Clearly Amazon controls very little ramp space at congested airports both domestically and internationally, nor the infrastructure to sort and distribute millions of packages daily without the USPS, FedEx, and UPS.

However after looking at the financials there might be something else to consider:

FedEx Corporation enterprise value: 68.7 Billion dollars
Enterprise Value = (total company value)

Amazon Corporation enterprise value: 562 Billion dollars
Amazon CEO Jeff Bezos net worth: 98 Billion

Jeff Bezos personally has more net worth than the total value of FedEx. Clearly there are a number of variables, however if you wanted to expand the Amazon airport ramp presence both domestically and internationally, control of the largest wide body fleet of aircraft in the world, and FedEx Office services it seems reasonable that FedEx could be considered low hanging fruit.

Amazon Prime Air
 

Amazon has not purchased any new or used 767s, they have leased 767s from ATSG and AAWW.

Why buy, when you can have a few contractors and whipsaw them against one another?

Or, just buy DHL, and no more cabotage issues. Instant network.

Sounds like a plan, I’ll let them know.:-)

Amazon - Press Room - Press Release

32 planes? That's more than I was aware of. Where is all the flying going? Are some of these non-767's? That seems puffed up as a number.
CVG investments also seem a bit slower. Wondering if they are getting colder feet in this space.

Atlas has 12 767-300s flying for Amazon now. I believe ATSG has all 20 flying, a mix of already-owned 767-200s and some 767-300s.

The flying seems to be split about halfway between CVG hub flying and point to point. Point to point includes lots of flying in ONT and BWI (sort of 'focus cities'), and typical 'outstations' (from CVG or point to point) include SEA, SCK, DFW, IAH, SKF, RFD, TPA, MIA, CLT, ABE, and PVD. I'm sure I left some out.

The system seems to be working pretty well, despite each company's operational/staffing issues. There's a lot less need to be perfect when the customer has a 2-day delivery window! I think this operation is saving Amazon A LOT of money compared to shipping each parcel with UPS or FDX.

https://www.wcpo.com/news/insider/amazon-facility-on-track-to-begin-operations-at-cvg-by-2020

32 is not puffed up. ATSG is operating 20 and Atlas has about 12 online and bringing more on throughout 2018. All 767

Atlas now has 14 of the prime numbered 767s on property with more arriving each month.