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Amazon is building its own carbon-neutral UPS, Bank of America says
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<blockquote data-quote="35years" data-source="post: 4212276" data-attributes="member: 60822"><p><span style="font-size: 22px"><strong>A Dozen or so Companies Amazon Is Slaying This Year</strong></span></p><p><a href="https://www.investopedia.com/news/5-companies-amazon-killing/" target="_blank">A Dozen or so Companies Amazon Is Slaying This Year</a></p><p><span style="font-size: 15px"><strong><em>UPS and FedEx</em></strong></span></p><p><em>At some point, Amazon's Bezos must have asked himself why he was paying so much money to United Parcel Service (<a href="https://www.investopedia.com/markets/stocks/ups/" target="_blank">UPS</a>) and FedEx (<a href="https://www.investopedia.com/markets/stocks/fdx/" target="_blank">FDX</a>).</em></p><p><em></em></p><p><em></em></p><p><em>By 2019, the company was delivering about 26% of its own orders directly to customers, according to Wolfe Research. Not incidentally, it also had become a player in the business shipping and logistics business.</em></p><p><strong><span style="font-size: 15px"><em>KEY TAKEAWAYS</em></span></strong></p><ul> <li data-xf-list-type="ul"><em>Amazon's reach has moved well beyond retail and into other industries that it can disrupt using its lower-price model and its vast warehouse network.</em></li> <li data-xf-list-type="ul"><em>Amazon Wardrobe was designed to remove any resistance shoppers had about buying clothing online.</em></li> <li data-xf-list-type="ul"><em>Business shipping was a natural fit. Amazon ordered 20,000 vans last year and is directly competing with FedEx and UPS.</em></li> </ul><p><em>Amazon Air now has 50 planes flying out of several regional hubs. It ordered 20,000 vans in 2018. It's testing sidewalk delivery robots to help solve that tricky and expensive "last mile" problem in home delivery.</em></p><p><em></em></p><p><em>The company also is working on a delivery service for a business called Shipping with Amazon, or SWA. Amazon will pick up packages directly from other businesses and ship them to customers. Amazon is testing the service in Los Angeles and London, where customers say its rates are about half those of the competition.</em></p><p><em></em></p><p><em></em></p><p><em>The new shipping program will put the company in direct competition for the business of major U.S. shippers UPS and FedEx. The effect on the market could be massive, especially if Amazon is able to offer lower prices than its competitors.</em></p></blockquote><p></p>
[QUOTE="35years, post: 4212276, member: 60822"] [SIZE=6][B]A Dozen or so Companies Amazon Is Slaying This Year[/B][/SIZE] [URL="https://www.investopedia.com/news/5-companies-amazon-killing/"]A Dozen or so Companies Amazon Is Slaying This Year[/URL] [SIZE=4][B][I]UPS and FedEx[/I][/B][/SIZE] [I]At some point, Amazon's Bezos must have asked himself why he was paying so much money to United Parcel Service ([URL='https://www.investopedia.com/markets/stocks/ups/']UPS[/URL]) and FedEx ([URL='https://www.investopedia.com/markets/stocks/fdx/']FDX[/URL]). By 2019, the company was delivering about 26% of its own orders directly to customers, according to Wolfe Research. Not incidentally, it also had become a player in the business shipping and logistics business.[/I] [B][SIZE=4][I]KEY TAKEAWAYS[/I][/SIZE][/B] [LIST] [*][I]Amazon's reach has moved well beyond retail and into other industries that it can disrupt using its lower-price model and its vast warehouse network.[/I] [*][I]Amazon Wardrobe was designed to remove any resistance shoppers had about buying clothing online.[/I] [*][I]Business shipping was a natural fit. Amazon ordered 20,000 vans last year and is directly competing with FedEx and UPS.[/I] [/LIST] [I]Amazon Air now has 50 planes flying out of several regional hubs. It ordered 20,000 vans in 2018. It's testing sidewalk delivery robots to help solve that tricky and expensive "last mile" problem in home delivery. The company also is working on a delivery service for a business called Shipping with Amazon, or SWA. Amazon will pick up packages directly from other businesses and ship them to customers. Amazon is testing the service in Los Angeles and London, where customers say its rates are about half those of the competition. The new shipping program will put the company in direct competition for the business of major U.S. shippers UPS and FedEx. The effect on the market could be massive, especially if Amazon is able to offer lower prices than its competitors.[/I] [/QUOTE]
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Amazon is building its own carbon-neutral UPS, Bank of America says
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