| From: Sr K | 12/18/2019 3:36:01 PM | | | | | | 3:24 PM
AMAZON SAYS BUILDING PROJECT KUIPER RESEARCH AND DEVELOPMENT HEADQUARTERS IN REDMOND, WA |
| | Amazon.com, Inc. (AMZN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Glenn Petersen | 12/19/2019 9:24:02 AM | | | | | | Amazon flexes its formidable shipping arm
Erica Pandey
Axios
December 19, 2019
After conquering e-commerce and cloud computing, Amazon is claiming its spot at the very top of the massive shipping industry this holiday season.
Why it matters: Logistics might make your eyes glaze over, but it's one of the key businesses of the future — and it could become Amazon's next windfall. The industry is already worth $1.5 trillion, and it'll get even bigger as more and more people order everything online.
By the numbers: Cyber Monday was Amazon's highest volume shopping day ever. And Americans will spend a record $135 billion online in November and December, Spencer Soper writes in Bloomberg's tech newsletter today.
What's happening: Amazon is already the leading shipper of its own packages (delivering about 48% of them). The tech giant is adding vans, jets, workers and warehouses to become an even more formidable shipper.
Amazon's rise is putting legacy shippers at risk. After brushing off the e-commerce giant as a competitor for years, FedEx CEO Fred Smith called it a threat this year.
-- The two companies have cut ties. FedEx chose not to renew its ground and air delivery contracts with Amazon.
-- And just this week, Amazon — which is consumers' most-trusted brand to deliver their holiday gifts in time — is banning its third-party sellers from using FedEx for ground deliveries. It's effectively a no-confidence vote in FedEx, writes Soper.
-- FedEx reported weaker-than-expected earnings this week and revised its 2020 earnings outlook down. The stock is down around 10% today. The stakes: Amazon is already the subject of antitrust investigations in the U.S. and Europe, and its shipping prowess could strengthen opponents' arguments.
-- "Given its scale & dominance of this market, Amazon is essentially operating as a regulator of shipping companies," notes Stacy Mitchell, co-director of the Institute for Local Self-Reliance, a nonprofit research and advocacy group that opposes concentrated economic power. axios.com |
| | Amazon.com, Inc. (AMZN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Sr K | 12/23/2019 5:31:35 PM | | | | | | | Amazon's One-Day Shipping Will Distance It From Competitors, Piper Says -- Barrons.com |
| | Amazon.com, Inc. (AMZN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: Sr K | 12/23/2019 5:37:11 PM | | | | | | Amazon's One-Day Shipping Will Distance It From Competitors, Piper Says
Piper Jaffray analyst Micheal J. Olson reiterated his Overweight rating for Amazon ..
-- Barrons.com |
| | Amazon.com, Inc. (AMZN) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |
