Curious about Everything

Tag: Amazon

In 2020 Amazon shipped more parcels in U.S. than FedEx

Erica Pandey, Axios »

Why it matters: Logistics is a $1.5 trillion business — and it has long been controlled by a handful of key players, like FedEx, UPS and the U.S. Postal Service. Now Amazon is poised to conquer it.

What’s happening: Amazon has 21% of the U.S. shipping market — right behind UPS (24%) and ahead of FedEx (16%). The USPS remains dominant with 38%, and all other shippers account for just 1% of the market, according to Pitney Bowes, which tracks the global shipping and e-commerce industry.

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The richest Americans became 40% richer during the pandemic

Dominic Rushe, The Guardian »

The 400 richest Americans added $4.5tn to their wealth last year, a 40% rise, even as the pandemic shuttered large parts of the US, according to Forbes magazine’s latest tally of the country’s richest people.

The Amazon founder, Jeff Bezos, retained top spot for a fourth consecutive year with a net worth of $201bn, followed by Elon Musk of Tesla and Mark Zuckerberg of Facebook, with net worths of $190.5bn and $134.5bn respectively.

The ranks of the super rich were swollen by 44 newcomers, the highest number since 2007, among them Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation, bitcoin billionaires Cameron and Tyler Winklevoss and Noubar Afeyan, co-founder of the Covid-19 vaccine maker Moderna.

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