Amazon's faster shipping dents profits, more pain to come

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


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.