Amazon Becomes The Biggest U.S. Package Delivery Firm Surpassing UPS And FedEx!

Newsby sagnika sinha01 December 2023

Amazon Becomes The Biggest U.S. Package Delivery Firm

The anticipation of online shopping on Amazon is already creating flutters in the market when the shares of Amazon (AMZN) rose by 0.7% on Cyber Monday. The report confirmed that the company has just become the biggest package delivery company, surpassing United Parcel Service (UPS) and FedEx (FDX) in the US!

Amazon has been incessantly working towards becoming the top dog in the industry after they surpassed FedEx in 2020! Based on the reports made by The Wall Street Journal, UPS was also excluded by Amazon last year.

According to the projections, the delivery counties will be more than 700 million compared to 2022. The numbers have reached up to 5.9 billion by the end of the year, along with 4.8 billion packages delivered domestically even before the holiday shopping season and Thanksgiving.

With the increase in the valuation of the shares, the brand has received exposure. Thus, it has been announced that it is expanding. The expansion is a partnership between Amazon Web Services (AWS) and Salesforce (CRM). The collaboration indicates an agreement where production integration is necessary.

It is also important to deepen the product integration across all data, and Artificial Intelligence plays an important role in this strategy. With this partnership, Amazon has offered select Salesforce products for the first time on the AWS Marketplace.

The deal with Amazon has enhanced the services provided to all customers, especially in the AI era! According to Marc Benioff, the Salesforce CEO, the partnership is all about being productive and innovative, leading to severe success.

It was in April 2022 that the valuation of Amazon shares rose, and this is the first time it has reached such a high level. The UPS and FedEx shares are significantly lower by 1.6%, while the Salesforce shares were 0.2% higher!

The full-year delivery of Amazon has significantly increased after 2022 by a huge margin compared to the services provided by FedEx and UPS!

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sagnika sinha

Sagnika Sinha is a content writer who is passionate about writing travel vlogs, entertainment and celebrity articles and literature-based pieces. With a 4 years experience in teaching, she loves reading books. A procrastinator by nature, she loves travelling, listening to music, planting and gardening.

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