Amazon Earnings Missed as Amazon Web Services Cloud Business Growth Slows


Amazon now delivering about half of its own packages in the United States

AMZN will soon surpass both United Parcel Service (UPS) and FedEx in total volume, according to new Morgan Stanley estimates.

Morgan Stanley expects that Amazon Logistics – the company’s delivery business – will overtake both competitors by 2022. In the analysis, Morgan Stanley looked into parcel data from roughly 70,000 Amazon transactions to come up with the findings, which were reported on by multiple news outlets.

During an earnings call in October, CEO Jeff Bezos noted that Amazon Prime customers have ordered billions of items with free one-day shipping since it began offering the service this year.