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Now FedEx Ground is done with Amazon
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<blockquote data-quote="35years" data-source="post: 4160000" data-attributes="member: 60822"><p>An Amazon fulfillment center typically ships out 40,000 products a day. In December it swells to a million per day.</p><p></p><p>Amazon spent $11.5 billion on shipping in 2015, $16.2 billion in 2016, $21.7 billion in 2017 and $27.7 billion in 2018.</p><p></p><p>They had 232 billion in revenue in 2018. UPS had 72 billion in revenue in 2018.</p><p></p><p>They went into direct competition with us this year.</p><p></p><p>Fed Ex acted decisively. Amazon made up <a href="https://www.businessinsider.com/fedex-says-amazon-claims-less-than-13-of-its-revenue-2019-1" target="_blank">some 1.3% of FedEx's 2018 revenue</a>. But Donald Broughton, the founder and manager partner of Broughton Capital, told Business Insider the operating profit from that revenue was under 0.25%</p><p><a href="https://www.businessinsider.com/fedex-amazon-ending-shipping-service-why-costs-balance-sheet-2019-6" target="_blank">A key metric in FedEx's financial statements underscores why the shipping giant dropped Amazon as a customer</a></p><p></p><p>Will we continue to enable our direct competitor (Amazon)? </p><p></p><p>When assessing our profit from Amazon shipments does UPS accurately assess the costs that the Amazon peak surge creates?</p><p></p><p>When we were privately held we would have had a strategy.</p><p></p><p>Now we just try to make this quarter's numbers look good.</p></blockquote><p></p>
[QUOTE="35years, post: 4160000, member: 60822"] An Amazon fulfillment center typically ships out 40,000 products a day. In December it swells to a million per day. Amazon spent $11.5 billion on shipping in 2015, $16.2 billion in 2016, $21.7 billion in 2017 and $27.7 billion in 2018. They had 232 billion in revenue in 2018. UPS had 72 billion in revenue in 2018. They went into direct competition with us this year. Fed Ex acted decisively. Amazon made up [URL='https://www.businessinsider.com/fedex-says-amazon-claims-less-than-13-of-its-revenue-2019-1']some 1.3% of FedEx's 2018 revenue[/URL]. But Donald Broughton, the founder and manager partner of Broughton Capital, told Business Insider the operating profit from that revenue was under 0.25% [URL='https://www.businessinsider.com/fedex-amazon-ending-shipping-service-why-costs-balance-sheet-2019-6']A key metric in FedEx's financial statements underscores why the shipping giant dropped Amazon as a customer[/URL] Will we continue to enable our direct competitor (Amazon)? When assessing our profit from Amazon shipments does UPS accurately assess the costs that the Amazon peak surge creates? When we were privately held we would have had a strategy. Now we just try to make this quarter's numbers look good. [/QUOTE]
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