Amazon Quietly Confirms It Is Competing With UPS and FedEx

schwit1 shares a report from Business Insider: Amazon declared in its 2018 annual filing that it competes against transportation and logistics companies, as CNBC first reported. It's a clear warning shot against UPS and FedEx, two companies that used to claim Amazon is simply their customer. Meanwhile, Amazon CFO Brian Olsavsky told analysts last week that the retail giant will 'continue to expand (its) Amazon logistics and (its) delivery capability' in 2019. Meanwhile, UPS CEO David Abney said the company 'monitor(s) them (Amazon) as is if they were a competitor.' And FedEx claimed, seemingly out of nowhere, last week that Amazon is not their largest competitor, claiming just 1.3% of the company's 2018 revenue.

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