Amazon (AMZN) has become the king of the hill when it comes to deliveries as the e-commerce giant, according to company documents released by the Wall Street Journal, delivered 4.8 billion packages by Thanksgiving this year — more than its competitors FedEx (FDX) and United Parcel Service (UPS). The company also estimates that it will reach 5.8 billion packages by the end of the year, outpacing its total deliveries compared to last year by 600 million.
Scott Devitt, Wedbush Managing Director, Equity Research, joins Yahoo Finance to discuss why Amazon has continued to become a dominant force in the delivery business.
“The way that the market share has changed is that more merchandise that’s retail-oriented that’s coming out of Amazon fulfillment centers is making up in the incremental market share gains that Amazon is getting from the other two providers and Amazon’s not in the business of picking up packages and delivering, which I think is market share that’s probably safe for UPS and FedEx because it rates the retail,” Devitt explains.
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Amazon does shipping correctly!
The others are too busy dealing with unions keeping their couch warm with zero innovation or improvement
Just wait…Amazon has kept unions at bay, which is ironic since the owner is a huge leftist. At some point, unions might win. (I personally think unions kill jobs here in the us, so I’m not for them)
My question is…when will Anti-trust laws kick in? The govt. used this to break up Ma Bell years ago!
It is GAME OVER for AMAZON if it ever restricted its Free Return program 🤏
Amazon sucks they’re always sending the wrong stuff.
Amazon suck. I prefer United Parcel Service & United States Postal Service
Amazon is non union
FedEx and UPS are not competitors to Amazon. Amazon uses them to deliver their own packages. Amazon wants to deliver more and more of its packages so this will just mean less business for FedEx and UPS.
Amazon will team up with FedEx is what I’m assuming for the future. I only say that because I see tons of big packages from amazon being ran by FedEx and UPS. So as of now they need them to move the big stuff?