Amazon, with its growing network of delivery planes, trucks and vans, is regarded as a potential long-term threat to FedEx Corp and United Parcel Service Inc , both of which have long counted the e-commerce company as a customer.A Morgan Stanley analysis from last week estimated that Amazon logistics delivered about 20per cent of company's packages last year and nearly 46per cent in 2019 through August.
The brokerage estimated the Amazon delivery network will move 6.5 billion packages for the company by 2022, more than UPS at 5 billion and FedEx at 3.4 billion.Advertisement
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