Amazon becomes its own biggest carrier after cutting ties with FedEx

www.foxbusiness.com/money/amazon-biggest-carrier-ups-fedex

Amazon has become its own biggest carrier after cutting ties with FedEx and reducing its reliance on UPS, which delivers about half the company’s packages globally.

Amazon ships more than 2.5 billion packages a year in the U.S., while FedEx and UPS ship 3 billion and 4.7 billion, respectively, according to recent estimates from Morgan Stanley. Amazon’s deliveries will reach 6.5 billion by 2022 at $10 a package, analysts said, posing the threat of a $65 billion loss in revenue for UPS, FedEx and the U.S. Postal Service (USPS) from Amazon’s business.