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AmextaFinance > Investing > Amazon relaunches a delivery service it put on hold during the pandemic
Investing

Amazon relaunches a delivery service it put on hold during the pandemic

News Room
Last updated: 2023/08/19 at 2:22 PM
By News Room
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Amazon.com Inc.
AMZN,
-0.57%
has relaunched its Amazon Shipping delivery service after a pandemic-era pause, the company confirmed on Friday. The news, reported on earlier in the day by the Wall Street Journal, marks the return of a segment of the online retailer that went head-to-head with the likes of FedEx Corp.
FDX,
-0.85%
and United Parcel Service Inc.
UPS,
+0.29%
The service, which processes packages sold via Amazon and other outlets, is now running in most of the U.S., the Journal said. The shipping segment was put on halt after being overwhelmed by the boom in online demand during the pandemic, the Journal said. “We’re always working to develop new, innovative ways to support Amazon’s selling partners, and Amazon Shipping is another option for shipping packages to customers quickly and cost-effectively,” Amazon spokesperson Olivia Connors said in a statement. “We’ve been providing this service for a while with positive feedback so we’re now making it available to more selling partners.” Shares of Amazon were 0.1% lower after hours on Friday.

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News Room August 19, 2023 August 19, 2023
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