Amazon is beating FedEx and UPS because they 'built a better mouse trap,' analyst says
"Amazon (AMZN) has become the king of the hill when it comes to deliveries as the e-commerce giant, according to company documents released by the Wall Street Journal, delivered 4.8 billion packages by Thanksgiving this year — more than its competitors FedEx (FDX) and United Parcel Service (UPS). The company also estimates that it will reach 5.8 billion packages by the end of the year, outpacing its total deliveries compared to last year by 600 million.
Scott Devitt, Wedbush Managing Director, Equity Research, joins Yahoo Finance to discuss why Amazon has continued to become a dominant force in the delivery business.
""The way that the market share has changed is that more merchandise that's retail-oriented that's coming out of Amazon fulfillment centers is making up in the incremental market share gains that Amazon is getting from the other two providers and Amazon's not in the business of picking up packages and delivering, which I think is market share that's probably safe for UPS and FedEx because it rates the retail,"" Devitt explains.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Connect with Yahoo Finance:
Check the latest news and data at finance.yahoo.com
"
Please Subscribe my Channel
-
56:19
Total Horse Channel
2 days ago2024 Buckeye Reining Series | Saturday Night | 7:30 pm EST
19.1K1 -
1:15:38
Steve-O's Wild Ride! Podcast
2 days ago $0.22 earnedG Eazy Opens Up About Falling Off - Wild Ride #217
23.8K11 -
18:44
We Profit with Stock Curry
6 days agoUltimate Advice for Teens & Young Adults
29.2K12 -
LIVE
Lofi Girl
1 year agoSynthwave Radio 🌌 - beats to chill/game to
209 watching -
21:00
Mr. Build It
23 days ago3 Ways to Build Garden Beds
29.7K14 -
1:42:14
Jewels Jones Live
1 day agoDETRANS w/ special guest Mary Margaret Olohan | A Political Rendezvous - Ep. 78
36.8K20 -
1:36:46
Roseanne Barr
1 day ago $73.82 earnedFor Love of Country with Tulsi Gabbard | The Roseanne Barr Podcast #50
152K424 -
6:28:15
CHiLi XDD
12 hours ago[D2] Rumble Featured!! Lets Go!!! #RumbleTakeOver
44K7 -
2:45
Chicks in the Office
11 hours agoHolly Madison Talks Reconciliation with Kendra Wilkinson
59.6K37 -
7:58:23
Di bear
13 hours agoFinal Season Mission, Pantheon | Destiny 2
63.8K7