Amazon gains on UPS in package delivery volume – Axios

Amazon gains on UPS in package delivery volume – Axios

Amazon’s package delivery business is closing in on UPS.
Why it matters: Amazon’s shipping division, Amazon Logistics, already surpassed FedEx in terms of market share by volume in 2020.
Catch up quick: Amazon Logistics last year held a 22% share of the parcel delivery market (by volume) compared to UPS at 24%, according to a new Pitney Bowes report out today.
Be smart: Amazon Prime free shipping limits the company from making the same kind of profits per package as the two legacy carriers, Modern Retail notes.
What to watch: Amazon says it wants to invest $1 billion in other logistics companies as part of a new venture program, the Amazon Industrial Innovation Fund.

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