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While bankers and the more mainstream media have expressed concern that FedEx and UPS could be impacted by Amazon Air operations, a Bernstein research note backs FedEx’s claims that Amazon is not a current credible threat. The analyst points to the fact that Amazon’s network is predicated on its internal network, while FedEx and UPS have a hub-and-spoke delivery network, developed over decades.  The analyst notes: “FedEx’s Memphis-based network touches 130 places multiple times per day, whereas the Amazon Prime ...

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