CBS: FedEx founder Fred Smith: An 'overnight' success (VIDEO)
CBS News reports: When Fred Smith started his next-day delivery company Federal Express in 1973, flying ...
There’s a great article in the Seattle Times this week, looking at Amazon’s much reported, but essentially unconfirmed, ambitions in the delivery business. Noting that the e-tailer is expected to buy the remaining 75% of French delivery company Colis Privé this quarter, the report anticipates that Amazon is planning not only to deliver its own goods, but also offer capacity to rivals. There are several clues: it has got the right to buy a small stake in UK company Yodel, has acquired thousands more trucks and is, famously now, looking at leasing freighters. While such a move could threaten giants such as UPS and FedEx, there is still some way to go, but Amazon seems to be making moves in that direction.
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