Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry: Report
Portfolio Pulse from Anusuya Lahiri
Amazon has reactivated its external shipping service, Amazon Shipping, to compete with FedEx and UPS. The service is available to vendors on Amazon's platform across the contiguous U.S. Amazon has also committed to delivering packages in less than a day by 2023. The company has been reducing its dependency on third-party carriers like UPS and FedEx by expanding its logistics network. Amazon's shares traded higher by 0.90% in the premarket.
August 21, 2023 | 12:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FedEx could face increased competition from Amazon's reactivated shipping service. This could potentially impact its market share and revenues.
Amazon's reactivation of its shipping service could increase competition for FedEx. This could potentially lead to a loss of market share and a decrease in revenues, negatively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
UPS could face increased competition from Amazon's reactivated shipping service. This could potentially impact its market share and revenues.
Amazon's reactivation of its shipping service could increase competition for UPS. This could potentially lead to a loss of market share and a decrease in revenues, negatively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Amazon's reactivation of its shipping service and commitment to faster deliveries could boost its competitiveness and revenues. Its shares traded higher by 0.90% in the premarket.
Amazon's reactivation of its shipping service and its commitment to faster deliveries could attract more vendors to its platform and increase its revenues. This could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100