Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/22 10:23:48 am
3402.145 USD   -0.96%
09:23aItaly woos Intel over multibillion-euro chip plant -sources
RE
09:04aAMAZON COM : Seattle's Climate Pledge Arena makes history
PU
08:53aAMAZON COM INC : Credit Suisse keeps its Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon com : UPS adds gig delivery with Roadie acquisition

09/10/2021 | 09:55am EDT
FILE PHOTO: A UPS employee checks his vehicle at a UPS diesel fuel pump facility in Los Angeles

Sept 10 (Reuters) - United Parcel Service Inc on Friday announced plans to buy Roadie, a crowd-sourced, same-day delivery company whose major clients include home improvement chain Home Depot.

The tie-up comes after key UPS retail customers like Amazon.com Inc, Walmart Inc and Target Corp built or bought gig delivery services to provide speedy local delivery of everything from fresh food to bulky furniture.

UPS and Roadie did not disclose financial terms of the deal, which is scheduled to close in the fourth quarter.

It would add new UPS services just in time for the peak holiday shipping season when demand for local home delivery will surge.

"Roadie often provides service for shipments not compatible with the UPS network because of their size and perishable nature, and often because they are in shopping bags without the packaging required to move through the UPS system," UPS said in a statement.

Following the completion of the acquisition, Roadie will continue to operate with its existing name.

Goods transported by Roadie will not cross into the UPS network and packages transported by UPS will not cross into the Roadie network, UPS said.

UPS is the single largest employer in the Teamsters Union, and the company's delivery drivers are some of the industry's best compensated.

"(Roadie's) goods should not cross over to UPS and vice versa. We will watch closely to ensure that Teamster bargaining unit work is protected," Teamsters spokesperson Kara Deniz said.

Shares in UPS were up 1.4% to $191.67 in midday trading. Shares in rival FedEx Corp were down 0.6% to $258.64.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Jan Harvey, Steve Orlofsky and David Gregorio)


© Reuters 2021
All news about AMAZON.COM, INC.
09:23aItaly woos Intel over multibillion-euro chip plant -sources
RE
09:04aAMAZON COM : Seattle's Climate Pledge Arena makes history
PU
08:53aAMAZON COM INC : Credit Suisse keeps its Buy rating
MD
07:10aEquities ride tech to third week of gains, dollar dips
RE
06:29aAMAZON COM : Labour union urges European authorities to widen Amazon antitrust probe after..
RE
05:15aGame of Tesla
12:29aArbitration panel rejects Future's plea on Reliance deal in dispute with Amazon
RE
10/21APPLE : Consumer watchdog to probe Big Tech payment systems
AQ
10/21Dow weighed down by IBM, risk-off sentiment; Nasdaq gains
RE
10/21What is Trump's new venture and what are its odds of success?
RE
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 005 M - -
Net cash 2021 57 270 M - -
P/E ratio 2021 65,8x
Yield 2021 -
Capitalization 1 740 B 1 740 B -
EV / Sales 2021 3,54x
EV / Sales 2022 2,92x
Nbr of Employees 1 298 000
Free-Float 82,5%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 3 435,01 $
Average target price 4 178,90 $
Spread / Average Target 21,7%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.4.86%1 739 628
JD.COM, INC.-4.47%130 335
ETSY, INC.32.64%29 870
WAYFAIR INC.7.98%25 334
ALLEGRO.EU SA-41.58%12 831
MOMO.COM INC.268.85%11 629