Monday, 26 February, 2018

Amazon set to launch its own delivery service

Amazon in-house Fed Ex and UPS rival could shake up shipping St. Johns Investment Management Company LLC Cuts Holdings in FedEx Co. (FDX)
Orlando Vargas | 10 February, 2018, 03:23

Shares of FedEx and UPS are falling following a report that powerhouse Amazon is readying its own delivery service. That said, Amazon has reportedly been working on making its own logistics network a reality after a disappointing holiday season in 2013 during which countless packages were delivered late.

United Parcel Service Inc and FedEx Corp shares fell 2 percent on Friday, after a report said Amazon.com Inc is preparing to launch a delivery service for businesses, which would directly compete with the USA package delivery companies. Amazon has been pushing more aggressively into delivery for a while. Amazon has helped fuel the boom in online shopping, but all those millions of packages are straining the networks of UPS and FedEx. Entities from Netflix and the U.S. Central Intelligence Service now employ those services. The Atlanta-based company plans to spend a chunk of its tax-cut savings to improve its network.

Amazon as a customer accounts for less than 10 percent of total revenue for UPS and 4 percent of revenue for FedEx, according to Wolfe research.

An Amazon entry into the delivery business would "send shivers down the spines of the traditional delivery companies", said Neil Saunders, the managing director of GlobalData Retail. "This will be slow at first but will accelerate as Amazon rolls out more of its own delivery services", he said.

Amazon may try to offer cheaper prices than its imminent competitors, undercutting them in the process, reports TheWSJ. The firm had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. Several took a wait-and-see approach to the Amazon threat.

Amazon already knows a thing or two about getting packages from point A to point B in a timely fashion. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66.

Apple's HomePod Is Not The Smartest Of The Smart Speakers
The competition isn't just through the sound quality of the speaker - but the other things that users can do with it. Microsoft products can be found in nearly every workplace. "Not even Siri can answer whether that will be possible".


Danny Care set to become England's most-capped scrum-half against Wales
Northampton wing George North's inclusion in the squad as the backs replacement the only adjustment . Replacements: George, Hepburn, H Williams, Kruis, Underhill, Wigglesworth, Te'o, Nowell.


Apply online for NEET by March 9
It has also not specified the list of countries or medical colleges overseas where NEET scores would be required for admission. Candidates who wish to apply for CBSE NEET examination must have the age limit of 17 years old on or before 31 December 2018.


Citi analyst Christian Weatherbee said Amazon hasn't yet committed significant assets to a new delivery program.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand.

Amazon is likely to remain a major customer for UPS and FedEx for quite some time, complicating their relationship. While there's no guarantee that SWA will be as successful as AWS, it just goes to show that Amazon is going to with the tried-and-tested method.

Others think Amazon may be trying to talk down delivery rates and get better service.

While the program is being piloted with the company's third-party sellers, it is envisioned to eventually be opened to other businesses too, according to some of the people.

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