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© Thomas Lukassek
By Alex Lennane
Amazon’s logistics arm is becoming an increasingly important source of revenue, accounting for $6.4bn in the first quarter of this year, up 34% year-on-year.
The company’s retail third-party seller services, or logistics, comprised 18% of total net sales for the quarter, up from 16% a year earlier.
But while worldwide shipping revenues rose 37% to $2.49bn, shipping costs were up 34% at $4.83bn, leaving net shipping costs at $1.88bn, a year-on-year rise of 30%.
However, Eric Sheridan, of UBS Securities, said net shipping costs had ...
Comment on this article
William
April 28, 2017 at 9:08 pmAmazon isn’t going to be working on behalf of DHL. The so-called “media reports” you rely on are based on absolutely-nothing. It doesn’t make sense for them to do it, and they are not going to do it. Right now, they have complete knowledge and control over what goes on their chartered aircraft; the moment you start carrying stuff you didn’t originate, it opens up all sorts of safety and operational issues. It’s not happening.
Alex Lennane
May 02, 2017 at 9:18 amAmazon confirmed last week that it would begin a partnership with DHL out of CVG when it moves, as early as this week. But you are right – there is no mention of Amazon flying for DHL, it’s more about DHL running some of Amazon’s ground operations. Read here: http://www.lloydsloadinglist.com/freight-directory/news/Amazon-confirms-US-air-hub-partnership-with-DHL/69208.htm#.WQhNz1PytcA
Sebastian
May 01, 2017 at 2:45 pmIn my opinion, I don’t think this will work out in near future, but definitely in the long run.