Path 27

Amazon's fleet of jets is growing

Path 27

NEW YORK (AP) — Amazon is expanding its airplane fleet, diminishing further its reliance on major delivery services like UPS, FedEx and the U.S. Postal Service.

The company said Friday it will lease 10 Boeing 767s planes, bringing its total fleet to 50 with the goal of getting orders to people faster and more reliably.

Amazon’s fleet of planes is far smaller than those at UPS and FedEx, which number in the hundreds, but it’s pushed in recent years to close that gap and gain more control over deliveries.

Amazon launched a program over the summer that allows contractors around the country to deliver Amazon packages in vans stamped with the Amazon smile logo. It also plans to open a package sorting hub at Fort Worth Alliance Airport in Texas next year and another at Cincinnati/Northern Kentucky International Airport in 2021.

FedEx CEO Frederick Smith said this week that he didn’t see Amazon Air as a competitor and that it was “fantastical” to think it could disrupt FedEx.

Trending:
Wisconsin Election Official Says Zuckerberg-Funded Group Seized Control of 2020 Election

A number of industry watchers see a more significant threat.

Analysts at Morgan Stanley estimated this month that FedEx and UPS could lose a combined 2 percent of revenue this year to Amazon Air.

The Seattle company says the 10 new jets will join the rest of its fleet over the next two years.

_____

Contact Joseph Pisani at http://twitter.com/josephpisani

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



loading

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Path 27
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




loading

Conversation