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The CEO of Amazon, Jeff Bezos, released Tuesday a video of himself driving a tractor, while the e-commerce giant begins building an installation freight transportation of $ 1.5 billion in Kentucky.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 1,840.12 | 17.44 | + 0.96% |
The company is investing this money in a 3 million square foot "air hub" located in the Cincinnati / Northern Kentucky International Airport, during which the company held a groundbreaking ceremony on Tuesday. The project was announced for the first time in 2017.
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Amazon has a 50-year, 50-year airport lease that allows it to manage its own shipments to reduce costs and get parcels to customers faster.
Bezos announced on Tuesday that the company would move Prime shipments from two days to one day.
Amazon is expected to lease 40 Boeing 767. About 2,000 people are expected to work in the new facilities.
The opening of the facility is scheduled for 2021.
Amazon is also opening a new regional air hub at the Fort Worth Alliance Airport.
Amazon's investments suggest that it may one day compete directly with other courier services such as UPS and FedEx.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| UPS | UNITED PARCEL SERVICE INC. | 99.76 | 0.41 | + 0.41% |
| FDX | FEDEX CORPORATION | 171.86 | -0.44 | -0.26% |
The inauguration ceremony takes place as the race for maritime transport accelerates. Retail rival Walmart announced Tuesday that it will gradually begin offering all online shoppers the option of free overnight delivery for orders of $ 35 or more.
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Moody analyst Charlie O'Shea said Tuesday in a note that Walmart retained a "significant advantage" over Amazon with 5,300 stores.
"In addition to providing consumers with same-day availability through in-store online order pickup, these stores complement an exclusive world-class distribution network, as they are also potential shipping points," he said. O'Shea.
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