Amazon’s newest ambition: competing directly with UPS and FedEx

Tackling the delivery business, Amazon executives publicly say, is a logical way to add delivery capacity — particularly during the peak Christmas season, according to a new Wall Street Journal this afternoon.

Amazon logo“But interviews with nearly two dozen current and former Amazon managers and business partners indicate the retailer has grander ambitions than it has publicly acknowledged,” the newspaper says.

Amazon’s goal, these people say, is to one day haul and deliver packages for itself as well as other retailers and consumers — potentially upending the traditional relationship between seller and sender.

The shipper’s grander ambitions has enormous implications for Louisville, where UPS is the city’s single-biggest employer, with 22,000 workers. Amazon itself also is a major area employer, with 6,000 workers at distribution centers in Jeffersonville and Shepherdsville.

Wall Street rallied around both companies after the WSJ story was posted. Amazon closed at $816.11, up $16.95 a share, or 2%. UPS closed at $110.01, up $1.17, or 1%.

You may post a comment anonymously simply by leaving all the fields blank. But please: no personal attacks.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s