Amazon poised to pass UPS and FedEx to become largest U.S. delivery service by early 2022, exec says

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Dave Clark, Amazon’s CEO of worldwide consumer, told CNBC on Monday that the company is on track to become the nation’s largest delivery service by the end of 2021 or early 2022.

Analysts have long predicted Amazon would overtake carriers like UPS, FedEx and the U.S. Postal Service, thanks to its increasingly in-house network of planes, trucks, vans and ships.

It is a positive development as Amazon dependence on other carriers will be lessen. The logistic and warehouse networks are in a optimal mode now as Amazon has been invested heavily to fight off the competition. This proves that the investment cycle has finally paid off as patience investors will be holding the amazon stocks and waiting for the next stock appreciation cycle.

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