. . . 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.
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Amazon has 21% of the U.S. shipping market — behind UPS (24%) and ahead of FedEx (16%). The Postal Service remains dominant — 38%.
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All other shippers account for just 1%, according to Pitney Bowes.