show video detail
As Amazon Air Expands, FedEx And UPS May Suffer
- Published_at:2019-02-16
- Category:News & Politics
- Channel:CNBC
- tags: CNBC business news finance stock stock market news channel news station breaking news us news world news cable cable news finance news money money tips financial news Stock market news stocks amazon amazon shipping is amazon profitable is amazon prime worth it is amazon shipping does amazon deliver on sunday does ups deliver on saturday does ups deliver on sunday
- description: Amazon aims to compete with FedEx and UPS in the logistics and shipping industry. That's what analysts told CNBC after Amazon Air recently expanded to 50 planes and announced it will open a $1.5 billion air hub in Northern Kentucky in 2021. Amazon is handling up to 26% of its own shipping, meaning FedEx, UPS and the U.S. Postal Service are losing a portion of Amazon's business. FedEx says it's not worried, but Morgan Stanley reports the major shippers have already lost 2% revenue to Amazon Air. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon #AmazonAir As Amazon Air Expands, FedEx And UPS May Suffer
ranked in date | views | likes | Comments | ranked in country (#position) |
---|---|---|---|---|
2019-02-19 | 798,566 | 10,521 | 2,467 | (,#22) |