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.

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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.

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