A worker sorts products during Cyber Monday operations at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023.
In 2016, before its in-house logistics initiative took off, global shipping costs tallied about $16 billion, with customers covering about half.
Last year, the total expense was about five times higher.
Moreover, higher turnover means higher profit, especially from ancillary services such as advertising.
And that’s before the generally lucrative holiday season, which should bring Amazon shareholders some more upbeat shipping news.
Persons:
Robert Cyran, Julius Baer’s, Warren Buffett, Jeffrey Goldfarb, Sharon Lam
Organizations:
Reuters, UPS, FedEx, Wall Street Journal, Services, Shipping, Amazon, X, Thomson
Locations:
Robbinsville , New Jersey, U.S, America, China