}
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Despite every major player in the business attempting to downplay Amazon as a direct competitor of UPS and FedEx—the latter of whom released a statement last week with the express purpose of pointing out how little of their revenue came from the retailer—the company has for the first time explicitly referenced “transport and logistics services” in its list of competitors.

Amazon used the phrase in the “Risk Factors” section of its annual filing last week:

“Our businesses are rapidly evolving and intensely competitive, and we have many competitors in different industries, including physical, e-commerce, and omnichannel retail, e-commerce services, digital content and electronic devices, web and infrastructure computing services, and transportation and logistics services, and across geographies, including cross-border competition,” the filing stated.

Amazon began trialling its Shipping With Amazon service for third-party merchants last year. It’s also been steadily expanding its freight capacity. In the final quarter of 2018, its shipping costs increased 23% to $9 billion.

Source: CNBC

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