Amazon deal doubles size of air cargo fleet

The Financial Times reports that Amazon is doubling the size of its air cargo fleet. The FT says that the company will lease 20 Boeing 767s from Atlas Air Worldwide for seven years.

amazonnew-630x425It appears that the company will use the expanded fleet to transfer goods between its warehouses rather than to deliver them to consumers. According to the FT, Amazon loses $1 billion each quarter on shipping, and may be attempting to reduce its reliance on logistics partners like FedEx and UPS.

Read the full FT article: Amazon deal doubles size of air cargo fleet – FT.com