Amazon's fleet of 767s is bad news for FedEx and UPS, Morgan Stanley says (AMZN, FDX, UPS)

Business Insider
By Ethel JiangDec 9, 2018, 8:15 am520 ptsHot
Amazon's cargo planes are poised to take market share from UPS and FedEx, Morgan Stanley said. The online retailer had leased 40 Boeing 767 cargo planes and invested aggressively in its first air-cargo hub. Amazon's air-delivery system could lead to as much as a combined 10% drop in revenue for UPS and FedEx.…

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