• Bloomberg reports that a UBS analyst is saying that Amazon’s delivery ambitions, which seem to be keyed to developing its own proprietary infrastructure, “remains a meaningful long term risk” to both FedEx and United Parcel Service (UPS).
While Amazon’s “path is increasingly clear, the velocity is more difficult to gauge. There is still likely a meaningful timeframe of limited direct impact,” writes analyst Thomas Wadewitz, who, the story points out, “is not the first to sound the alarm. In December, Morgan Stanley wrote that the two faced underappreciated competitive risks as the tech giant has been building up its freight delivery service.”
While Amazon’s “path is increasingly clear, the velocity is more difficult to gauge. There is still likely a meaningful timeframe of limited direct impact,” writes analyst Thomas Wadewitz, who, the story points out, “is not the first to sound the alarm. In December, Morgan Stanley wrote that the two faced underappreciated competitive risks as the tech giant has been building up its freight delivery service.”
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