Amazon’s fourth-quarter cost for one-day shipping will be nearly double the $800 million the company spent during the second quarter, Chief Financial Officer Brian Olsavsky said on a call with reporters. Carriers like United Parcel Service Inc charge more for faster delivery, but that is only one component of the cost increase at Amazon, which ships around 10 billion packages per year. Logistics experts, who noted that volumes surge during the holiday season, took Amazon’s shipping cost forecast in stride. …read more
Source:: Yahoo Finance
