What's Amazon (NASDAQ:AMZN) planning with its delivery and logistics network? It's well known that the e-commerce company is expanding its delivery services -- but is it merely to complement the existing services it gets from FedEx Corporation (NYSE:FDX) and United Parcel Service (NYSE:UPS), or will Amazon end up directly competing with the package delivery giants? The question of the threat from Amazon comes up on almost every investor presentation given by FedEx and UPS.
However, what's less discussed is that e-commerce growth is creating challenges for both companies. If Jeff Bezos thinks Amazon could compete with FedEx and UPS, the evidence from their latest results suggests he might be in for a rude awakening. Here's why.
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