Amazon Will Own a Bigger Piece of Logistics in 2021
Amazon (NASDAQ: AMZN) has strategically invested in its fulfillment network over the last five years, leasing planes, buying trucks and vans, and contracting pilots and drivers for deliveries. For the most part, Amazon has built its network to operate synergistically with its third-party delivery partners like UPS (NYSE: UPS). But the tech titan's sending a message that that's about to change.
Amazon announced plans for an air hub at Cincinnati/Northern Kentucky International Airport (CVG) in 2017. It broke ground in 2019, and it'll start moving packages around the country later this year.
Image source: Amazon.
Source Fool.com
