News Formal

FedEx investors are scrambling to find the bottom amid Amazon threat - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

FedEx's 'breathtakingly bad' earnings has investors scrambling to find the bottom as Amazon's skyrocketing logistics network looms

on the company's creation of 100,000 jobs in its last-mile network. It will move 3.5 billion parcels this year, according to the release.Amazon told its third-party sellers that they could no longer use FedEx Ground and Home shipping services for Prime shipments.

. FedEx delivered 90.4% of its packages on time, several percentage points lower than Amazon's in-house network , USPS , and UPS .Cathy Roberson, Logistics Trends & Insights analyst, told Business Insider that Amazon was right to cut off FedEx if the company's delivery rates were below standards. Still, announcing that days before FedEx's second-quarter fiscal year 2020 earnings was "perfect timing.

How leading analysts wrote to investors following the earnings announcement reflected a collective shuddering on Wall Street.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

One day the “skyrocket logistics” will pass via holograms through our smartphones🤩🤩🤩👍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UN postal agency mulls opening up to Amazon, FedEx, UPS, others - Business InsiderA powerful United Nations agency is quietly considering allowing companies into a 145-year-old international mailing pact — and it could give Amazon, UPS, FedEx, and a slew of e-retailers unprecedented shipping power
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon announces huge facility for Project Kuiper internet satellites - Business InsiderThe tech giant is moving its Project Kuiper team in a big play to compete in the emerging industry of global, high-speed satellite-internet service. China right in Washington.
Source: BusinessInsider - 🏆 729. / 51 Read more »

This is where Amazon is building its Project Kuiper headquarters - Business InsiderIt may not look like much now, but this is where Amazon will base its Project Kuiper mission to space from in Redmond, Washington. Check it out. Planning to steal technology?
Source: BusinessInsider - 🏆 729. / 51 Read more »