Amazon is pushing deeper into logistics by offering its storage and shipping network to other businesses, aiming to use the company’s scale across all sales channels. The move targets the lucrative B2B shipping market and puts pressure on established freight and parcel leaders like UPS and FedEx, as Amazon tries to make logistics an infrastructure-like service.
U.S. transportation stocks tumbled Monday after Amazon expanded its logistics services, ramping up competition across parcel delivery, air freight, and trucking. FedEx and UPS among the biggest losers, as investors worried Amazon’s push could disrupt the traditional transportation ecosystem. The drop came while the sector was near record highs, leaving it exposed to a fast correction.
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FedEx says it has completed India’s first intra-city drone delivery flight trials in Bengaluru with IIT-Madras under its SMART Centre framework. The tests show transit time could fall from a 60-minute road trip to about 21 minutes, using a 39-42 km aerial route. The results point to faster last-mile logistics in cities.
Raj Subramaniam has been elected to the FedEx Board of Directors and is set to step into the role of President and CEO of FedEx Corporation. He will retain his board seat as part of the transition. Previously, he served as President and Chief Executive Officer of FedEx Express, and now moves up within FedEx’s leadership structure.
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