December 21, 2015 9:29 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shipping firms like
United Parcel Services (NYSE: UPS) and
FedEx Corporation (NYSE: FDEX) initially cheered consumers' shift from shopping at traditional brick and mortar stores to e-commerce. Online purchases increased traffic for the logistics industry and led to some lucrative deals with big name retailers like
eBay (NASDAY: EBAY) and
Amazon.com Inc. (NASDAQ: AMZN). However, in an effort to offer customers faster shipping options at lower prices, Amazon has been working out new ways to get orders delivered without the help of traditional shippers.
Creating Its Own Shipping ServiceAmazon has been exploring a number of ways to get around using shipping services, including drone flights and an Uber-like service that allows customers to pick-up and deliver others' orders in exchange for Amazon credit. However, the company's latest efforts mark its boldest move into controlling its own shipping.
Leasing Cargo PlanesAccording to the
Wall Street Journal, Amazon held discussion with several air-cargo firms in hopes of leasing up to 25 aircraft in order to create its own freight operation. While nothing has been set in stone, rumor has it that Amazon is planning to establish this freight service as early as next year.
What It Means For ShippersThis could be a bad sign for shipping firms like UPS, as it would signal a new era in which Amazon was able to separate itself further from traditional shipping services. The company has already begun rolling out fleets of its own trucks and drivers, and adding aircraft could be the final nail in the coffin.
What It Means For AmazonFor Amazon, the move could represent a huge step forward for the company's dominance in online shopping. Cutting out its shipping partners would significantly reduce the firm's costs and allow for faster deliveries and fewer delays, an important part of the online shopping experience.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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