ReutersDec 20, 2019 00:15:59 IST
(Reuters) - Amazon.com Inc
Amazon, with its growing network of delivery planes, trucks and vans, is regarded as a potential long-term threat to FedEx Corp
A Morgan Stanley analysis from last week estimated that Amazon logistics delivered about 20% of company's packages last year and nearly 46% in 2019 through August.
The brokerage estimated the Amazon delivery network will move 6.5 billion packages for the company by 2022, more than UPS at 5 billion and FedEx at 3.4 billion.
Amazon said it now has 150 U.S. delivery stations employing more than 90,000 people.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Shinjini Ganguli)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Welcome to Tech2 Innovate, India’s most definitive youth festival celebrating innovation is being held at GMR Grounds, Aerocity Phase 2, on 14th and 15th February 2020. Come and experience an amalgamation of tech, gadgets, automobiles, music, technology, and pop culture along with the who’s who of the online world. Book your tickets now.