The Wall Street Journal: Amazon to build air cargo hub outside Cincinnati

Amazon.com Inc. said Tuesday it plans to build its first air cargo hub to accommodate its growing fleet of planes, signaling the company is ramping up its expansion into transporting, sorting and delivering its own packages.

The Seattle-based retailer said it expects the new air hub, located at Cincinnati/Northern Kentucky Airport in Hebron, Ky., to create more than 2,000 jobs. The move will lessen its dependence on traditional carriers, including United Parcel Service Inc. UPS, -6.75%   and FedEx Corp. FDX, -2.14%  , both of whose largest hubs are nearby.

Last year, Amazon AMZN, -0.83%   said it was planning to lease 40 cargo planes, 16 of which are currently in its fleet. It also brought on a dedicated network of 4,000 semi trailers to increase trucking capacity and has a fleet of citizen courier Flex drivers making deliveries in major metro areas.

Amazon’s goal is to eventually haul and deliver packages for itself as well as other retailers and consumers — making it a direct competitor with UPS and FedEx, according to people familiar with the matter.

An expanded version of this report appears on WSJ.com.

Amazon is Disrupting a New Industry

(0:29)

Amazon is spending big dollars to roll out same-day delivery of auto parts.​

Also popular on WSJ.com:

Amazon is working with lawmakers to counter Trump’s immigration order.

John McCain, again the maverick, challenges President Trump.

Filed in: Top News Tags: 

You might like:

: Winning a bet, Tesla builds the world’s biggest battery for Australia : Winning a bet, Tesla builds the world’s biggest battery for Australia
Missing Argentine submarine: ‘Explosion’ detected near last known location Missing Argentine submarine: ‘Explosion’ detected near last known location
Why this year’s Thanksgiving dinner guests may be even more insufferable Why this year’s Thanksgiving dinner guests may be even more insufferable
NewsWatch: 6 things all investors should be thankful for NewsWatch: 6 things all investors should be thankful for
As sexual harassment scandals multiply, parents rethink how they raise their children As sexual harassment scandals multiply, parents rethink how they raise their children
Nearly a decade after Bernie Madoff, Americans still lose their life savings to Ponzi schemes Nearly a decade after Bernie Madoff, Americans still lose their life savings to Ponzi schemes
When is the best time to fly or drive on Thanksgiving? When is the best time to fly or drive on Thanksgiving?
Futures Movers: Oil eases from highest levels since 2015 as traders weigh up U.S. data Futures Movers: Oil eases from highest levels since 2015 as traders weigh up U.S. data

Leave a Reply

Submit Comment
© 5063 Stock Investors News. All rights reserved. XHTML / CSS Valid.