News / Amazon eyes savings as shipping costs soar

Amazon plans to drive down logistics costs though economies of scale, it announced yesterday – but revealed no plans for growth in the freight market.

Releasing its 2016 results, it revealed a 297% rise in full-year net income, to $2.37bn. Net 2016 sales reached $136bn, while fourth-quarter sales increased 22% to $43.7bn, with net income up 55%.

Most significant to the logistics industry are Amazon’s plans for shipping, a significant cost, but a part of its business it appears keen to sell to third parties ...