- You are here:Home
- Latest News and Information from Transglobal Express
Amazon CFO says they’re not out to replace delivery companies
Brian Olsavsky, CFO of Amazon, has said that the company does not currently intend to replace delivery companies such as FedEx, DHL and UPS. This follows speculation about Amazon's intentions after secretive moves by the company into air and ocean freight.
“What we found in order to properly serve our customers at peak, we’ve needed to add more of our own logistics to supplement our existing partners,” Olsavksy explained to analysts this week.
This supports the original theory that Amazon is putting in place a contingency for when couriers struggle to cope with peak seasonal demand, after problems in recent years and serious delays in 2013 that affected Amazon’s customers.
Olsavsky states that Amazon will continue to work with these delivery companies as partners—it’s simply that they are unable to handle Amazon’s capacity on their own.
However, some analysts continue to speculate about Amazon’s potential in the freight market and their longer-term plans.
(Source: Business Insider)