Amazon Officially Announced Itself As A Competitor To FedEx, UPS

Amazon is the figurehead for the supply chain revolution that has caused a boom in industrial real estate, and it is still growing its influence.

In its annual 10-K filing with the Securities and Exchange Commission, Amazon added transportation and logistics companies to its list of competition in 2018, CNBC reports. It is the first time Amazon has named shipping and logistics as a moneymaking element of its company.

For many of the products listed on its site, Amazon acts as a go-between for merchants of consumer goods and shipping companies that take those goods to consumers` doors. Though its entries into the seller arena have grabbed headlines, it has increased the use of its own services in shipping and relied less exclusively on partners such as FedEx, UPS and the United States Postal Service, according to CNBC...

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RSK: All in the name of the last mile. Now, even WeWork has dipped into the warehouse/distribution sector…interesting.

Ken Notes: Do I get credit for saying distribution will be the next trillion dollar industry. Amazon would do better to buy an existing carrier that could take additional product...