Connect with us

Technology

Amazon has expanded their fleet to 50 aircraft

Editor

Published

on

[ad_1]

Amazon Prime AirAmazon Air.Amazon

  • Amazon just announced it will add 10 more planes to its cargo aircraft fleet over the next two years.
  • That will bring its fleet number to 50 planes. 
  • Amazon Air isn’t likely to compete with USPS, UPS, or FedEx as a third-party air cargo provider, but it shows that they might be moving away from using the services.

 

Amazon Air announced Friday it will add 10 more planes to its cargo aircraft fleet over the next two years.

Those planes are Boeing 767-300 aircraft leased from Air Transport Services Group, which Amazon says is already leasing 20 planes.

That will bring its fleet number to 50 planes, and render Amazon all the better to deliver packages in a timely fashion. 

It’s the latest announcement from Amazon that signals just how keen the e-commerce juggernaut is on expanding its own air shipping capabilities, rather than relying on UPS, FedEx, USPS, and the like.

Just last week, Amazon announced it will expand its 72,000-square-foot cargo facility at Chicago Rockford International Airport to 200,000 square feet. It also announced last week it would build a new regional hub at Fort Worth Alliance Airport, and a new sorting facility in Ohio’s Wilmington Air Park.

That matches plans to expand its hub at Cincinnati/Northern Kentucky International Airport to three million square feet. The space could then accommodate more than 100 Amazon Air cargo planes.

What does that mean for UPS, USPS, or FedEx?

People often pit Amazon’s private airfleet against UPS, USPS, FedEx, and the like. But analysts say Amazon Air isn’t likely to compete as a third-party air cargo provider anytime soon.

Read more: Amazon posing a threat to FedEx is a ‘fantastical’ idea, CEO said — but the reality is much more complicated 

But those shipping firms do depend on Amazon as a customer. Amazon comprises around 3%-5% of FedEx’s revenue, while Amazon’s revenue percentage at UPS is around the low teens, according to Trip Miller, founder and managing partner of Gullane Capital. (Disclosure: Gullane Capital has shares in Amazon and FedEx.)

Morgan Stanley analysts wrote earlier this month that Amazon saves $2 to $4 per package when using its private fleet. That’s as much as $2 billion (6% of its shipping expenditure) in savings.

If Amazon continues to grow its private air fleet, that means those firms will lose one of their biggest customers. By 2025, Morgan Stanley estimated that UPS and FedEx revenues could fall by a combined 10%.

“It’s obvious Amazon is going to continue to grow their air fleet,” Kevin Sterling, managing director of Seaport Global Securities, told Business Insider.

[ad_2]

Source link

قالب وردپرس

Technology

More groups join in support of women in STEM program at Carleton

Editor

Published

on

By

OTTAWA — Major companies and government partners are lending their support to Carleton University’s newly established Women in Engineering and Information Technology Program.

The list of supporters includes Mississauga-based construction company EllisDon.

The latest to announce their support for the program also include BlackBerry QNX, CIRA (Canadian Internet Registration Authority), Ericsson, Nokia, Solace, Trend Micro, the Canadian Nuclear Safety Commission, CGI, Gastops, Leonardo DRS, Lockheed Martin Canada, Amdocs and Ross.

The program is officially set to launch this September.

It is being led by Carleton’s Faculty of Engineering and Design with the goal of establishing meaningful partnerships in support of women in STEM.  

The program will host events for women students to build relationships with industry and government partners, create mentorship opportunities, as well as establish a special fund to support allies at Carleton in meeting equity, diversity and inclusion goals.

Continue Reading

Technology

VR tech to revolutionize commercial driver training

Editor

Published

on

By

Serious Labs seems to have found a way from tragedy to triumph? The Edmonton-based firm designs and manufactures virtual reality simulators to standardize training programs for operators of heavy equipment such as aerial lifts, cranes, forklifts, and commercial trucks. These simulators enable operators to acquire and practice operational skills for the job safety and efficiency in a risk-free virtual environment so they can work more safely and efficiently.

The 2018 Humboldt bus catastrophe sent shock waves across the industry. The tragedy highlighted the need for standardized commercial driver training and testing. It also contributed to the acceleration of the federal government implementing a Mandatory Entry-Level Training (MELT) program for Class 1 & 2 drivers currently being adopted across Canada. MELT is a much more rigorous standard that promotes safety and in-depth practice for new drivers.

Enter Serious Labs. By proposing to harness the power of virtual reality (VR), Serious Labs has earned considerable funding to develop a VR commercial truck driving simulator.

The Government of Alberta has awarded $1 million, and Emissions Reduction Alberta (ERA) is contributing an additional $2 million for the simulator development. Commercial deployment is estimated to begin in 2024, with the simulator to be made available across Canada and the United States, and with the Alberta Motor Transport Association (AMTA) helping to provide simulator tests to certify that driver trainees have attained the appropriate standard. West Tech Report recently took the opportunity to chat with Serious Labs CEO, Jim Colvin, about the environmental and labour benefits of VR Driver Training, as well as the unique way that Colvin went from angel investor to CEO of the company.

Continue Reading

Technology

Next-Gen Tech Company Pops on New Cover Detection Test

Editor

Published

on

By

While the world comes out of the initial stages of the pandemic, COVID-19 will be continue to be a threat for some time to come. Companies, such as Zen Graphene, are working on ways to detect the virus and its variants and are on the forefronts of technology.

Nanotechnology firm ZEN Graphene Solutions Ltd. (TSX-Venture:ZEN) (OTCPK:ZENYF), is working to develop technology to help detect the COVID-19 virus and its variants. The firm signed an exclusive agreement with McMaster University to be the global commercializing partner for a newly developed aptamer-based, SARS-CoV-2 rapid detection technology.

This patent-pending technology uses clinical samples from patients and was funded by the Canadian Institutes of Health Research. The test is considered extremely accurate, scalable, saliva-based, affordable, and provides results in under 10 minutes.

Shares were trading up over 5% to $3.07 in early afternoon trade.

Continue Reading

Chat

Trending