The Corner

Economy & Business

This Is Amazing . . .

. . . and goes to show how fast things can change in an open, dynamic economy.

From Axios:

Amazon isn’t known primarily as a logistics company, but in 2020 the company shipped more parcels than FedEx, Axios’ Erica Pandey writes.

  • Why it matters: Amazon had zero share of the U.S. shipping market as recently as 2014.

Logistics is a $1.5 trillion business, and it has long been controlled by a handful of players — FedEx, UPS and the Postal Service.

  • Amazon has 21% of the U.S. shipping market — behind UPS (24%) and ahead of FedEx (16%). The Postal Service remains dominant — 38%.

  • All other shippers account for just 1%, according to Pitney Bowes.

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