ATSG flying after a great first half, despite the costs of landing Amazon contract
The high cost of landing the Amazon Prime Air contract did not stunt ATSG’s growth ...
Amazon’s latest move into bricks-and-mortar retailing is explained in this good article in The Atlantic. It notes that last week’s news that it is to buy Whole Foods for some $14bn, will give Amazon both a stronger foothold in food, but also urban real estate, which it can then use for its fast-delivery options. The article also notes that while food sales have terrible margins, Amazon’s understanding of the “human sloth” – the laziness that means we now order everything from the comfort of our sofas – will keep it ahead of the game.
Meanwhile, rival Alibaba is trying to woo US shippers to its site, to sell to Chinese shoppers. But it could be a tough market to crack.