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COMING UP:Share Opener Variant 3

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Transcript

00:00:01
>> Amazon's air cargo ambitions are soaring. I'm Reuters' Jeffrey Dastin. Amazon has leased 40 planes to control more of its shipping in-house, aiming to get packages to customers faster and keep costs down. On Tuesday, the company said that it was gonna have a new cargo hub near Cincinnati and Kentucky.
00:00:22
And today we learned from the airport's chief executive just how big this operation is going to be. Amazon plans to have more than 200 flights per day from this single airport. It's going to build more than 100 parking spaces at this single airport. In total, it's leasing more than 900 acres of ground, which is near the size of UPS's global hub and FedEx's global hub.
00:00:46
The reason this is interesting is that Amazon so far has dipped its toe into air cargo and to controlling its own shipping. And it just said it wants to supplement partners rather than replace them. But in fact, this underscores how large its ambition is. Earlier this year, I actually visited one of the airports where Amazon is flying, Allentown, Pennsylvania.
00:01:07
And talking to that airport, talking to airports around the country, we saw how Amazon already is taking some business away from FedEx and UPS. So Amazon will be the cargo company to watch.