UPS and Amazon at Odds During Major Retail Season
A shipping conundrum over greed and profit can help small retailers
It’s rare to see a company thriving during a time when unemployment is on the rise and millions are unemployed, but buying from home has left Amazon in the driver’s seat when it comes to earning revenue. The Verge says Amazon doubled its net profit year over year to $5.2 billion, compared to $2.6 billion in the last quarter of 2019. And that’s after spending $4 billion on what Bezos describes as “incremental COVID-19 related costs in the quarter to help keep employees safe and deliver products to customers.”
The company that could be looking at more than double its money in profits may be getting greedy. It wouldn’t be a little bit shocking if UPS wanted a more significant piece of Amazon’s revenue, either. It’s a delicate line to walk since Amazon already discontinued its shipping services with Fed-Ex in 2019.
The Verge reports:
Amazon still uses UPS, but it’s also been building out a network of its own delivery drivers under the Amazon Flex platform, which is a kind of on-demand contract network similar to Uber and food delivery companies like DoorDash.
In the third quarter of 2020, UPS is still providing shipping services to Amazon, but is…
