Amazon.com Inc. plans to spend $800 million in the current quarter to reduce delivery times for Prime customers to one day from two.
The courier has cut its financial outlook just three months after raising it, reflecting an abrupt change in FedEx’s view of the global economy.
The Memphis, Tennessee-based company did not say how many positions it wants to eliminate or from what locations. But its Indianapolis International Airport hub is part of the Express division that will be targeted for the buyouts.
Walgreens is joining rival drugstore chain CVS Health in expanding home deliveries for prescriptions, as stores continue adjusting to a retail world made more consumer-friendly by online competition.
The recommendation could raise costs for Amazon and other major businesses that are currently using the Postal Service to supplement their delivery operations.
Jeff Bezos boldly predicted five years ago that drones would be carrying Amazon packages to people's doorsteps by now. Amazon customers are still waiting.
The upgrade and expansion of the giant shipper’s 320-acre, 2.5 million-square-foot complex is driven by the need to keep pace with steady growth in e-commerce activity.
The company said Wednesday that some adjustments are being made this week, and workers who already made $15 an hour will get more than the $1-an-hour raise promised last week.
If approved by regulators, the increase to the cost of mailing a 1-ounce letter would be the biggest since 1991.
With its new program rolling out Thursday, contractors around the country can launch independent businesses that deliver Amazon packages.
The project was one of several investments FedEx announced Friday. The company said the projects are all related to recent federal tax reform.
Both couriers now have entered the holiday season’s returns cycle, which also promises to be busy.
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
Indiana-based BoxUp lets consumers customize cardboard boxes with their own logos, photos and designs and then order small (or large) quantities with a few clicks of the mouse.
The holiday program allows consumers in select cities to place online orders with participating retailers on a Saturday and then receive their packages the next day.
Widespread fears about automation and job loss are often misplaced. Automation has actually helped create jobs in e-commerce, rather than eliminate them, and stands to create more in the years ahead.
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan.
FedEx will skip special charges for most packages shipped during the holiday season this year as it seeks to undercut rival UPS in a fight for a larger share of the millions of items now bought online.