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FedEx Discussions
Amazon will take all your ignorant route buyers
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<blockquote data-quote="Exec32" data-source="post: 3837466" data-attributes="member: 56206"><p>Two years ago, Fred S told stock analysts that concerns about Amazon shaking up the package shipping industry were "fueled by <a href="https://www.bloomberg.com/news/articles/2016-03-17/fedex-ceo-smith-calls-amazon-challenge-reports-fantastical" target="_blank">fantastical</a>" reports. "In all likelihood, the primary deliverers of e-commerce shipments for the foreseeable future will be UPS, the U.S. Postal Service and FedEx," Smith said.</p><p>Amazon in 2017 splurged $13.2 billion on warehouses and other logistics buildup for its operations in North America, according to securities filings that combine Amazon's cash capital spending with its additions of physical real estate under leases and other financing arrangements. That was five times the comparable figure in 2015. For comparison, FedEx and United Parcel Service Inc. each had more than $5 billion in capital spending over the last year. This spending surge fits Amazon's pattern: When it sees potential in a new area of business, it puts its foot on the gas pedal. </p><p></p><p>This comes from Bloomberg article that was written almost a year ago. Again it's not about losing Amazon as a customer, they will be another carrier, or to put it short your competition.</p></blockquote><p></p>
[QUOTE="Exec32, post: 3837466, member: 56206"] Two years ago, Fred S told stock analysts that concerns about Amazon shaking up the package shipping industry were "fueled by [URL='https://www.bloomberg.com/news/articles/2016-03-17/fedex-ceo-smith-calls-amazon-challenge-reports-fantastical']fantastical[/URL]" reports. "In all likelihood, the primary deliverers of e-commerce shipments for the foreseeable future will be UPS, the U.S. Postal Service and FedEx," Smith said. Amazon in 2017 splurged $13.2 billion on warehouses and other logistics buildup for its operations in North America, according to securities filings that combine Amazon's cash capital spending with its additions of physical real estate under leases and other financing arrangements. That was five times the comparable figure in 2015. For comparison, FedEx and United Parcel Service Inc. each had more than $5 billion in capital spending over the last year. This spending surge fits Amazon's pattern: When it sees potential in a new area of business, it puts its foot on the gas pedal. This comes from Bloomberg article that was written almost a year ago. Again it's not about losing Amazon as a customer, they will be another carrier, or to put it short your competition. [/QUOTE]
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