Amazon Just Took Its Logistics Ambitions to the Next Level
Over the past four years, Amazon (NASDAQ: AMZN) has been aggressively expanding its logistics operations in an effort to cut costs and take greater control over a core part of its business. That's become a growing threat to traditional carriers like FedEx and UPS, particularly as Amazon officially listed its shipping partners as competitors in regulatory filings starting in early 2019.
However, the e-commerce giant's efforts thus far have entailed leasing planes from third-party cargo carriers (Atlas Air and Air Cargo Transport Services Group) to operate, while simultaneously securing warrants to acquire considerable stakes in those companies for additional optionality in case Jeff Bezos wants to swallow them whole. Amazon is now taking its strategy to the next level.
Image source: Amazon.
Source Fool.com
