According to The Wall Street Journal, which cited internal Amazon (NASDAQ: ) data and sources familiar with the matter, Amazon (AMZN) has surpassed both UPS (UPS) and FedEx (NYSE: ) to become the largest delivery business in the U.S. in terms of parcel volumes. Analysts at JPMorgan pointed out that Amazon excels in its one-way delivery network, ensuring quick delivery of goods. However, the company still lacks the extensive pick-up and delivery network that its competitors possess. In 2018, Amazon launched a significant initiative to build its logistics network. The company introduced a program allowing entrepreneurs to start their own delivery franchises for Amazon packages for as low as $10,000.

Source: Wall Street Journal November 27, 2023 21:19 UTC