Amazon Struck a Deal with Atlas Air Worldwide to Lease Twenty Cargo Planes
For years, Amazon has been building its transport strategy without much noise. A report in 2013 to the senior management proposed a huge global expansion of Fulfillment By Amazon service. It provides storage, packing and shipping facilities for independent merchants who sell products on Amazon's website.
Amazon. com Inc. struck its second of its kind deal this year on Thursday, with the company agreeing to lease twenty cargo planes from Atlas Air Worldwide. Amazon announced a similar kind of deal with another aircraft leasing company a couple of two months back. Amazon said this March that it would lease twenty Boeing 767 freighters from Air Transport Services Group Inc.
Amazon is stepping up its efforts to be in control of its own delivery logistics and the latest moves highlight its intentions. On Thursday, the airline released a statement saying that Atlas Air Worldwide Holdings will operate twenty Boeing 767-300 cargo planes for Amazon as a part of the agreement.
Amazon is making quick moves to build its delivery network which will help it steer away from relying on United Parcel Service Inc. and FedEx Corp. The Seattle-based retailer is growing its Prime service that promises to deliver some orders within a one day.
- Nikola Motors puts hydrogen fuel-cell semi truck Badger project on back burner
- BMW expands vehicle recall over battery issue to more than 4,500 U.S. plug-in hybrids
- Karma Automotive announces attractive price tag & unique features for upcoming GSe-6 electric sedan
- Twin River acquires iconic Bally’s brand from Caesars Entertainment for $20 million
- Wynn Resorts’ Encore to close for 3 days a week due to low demand