4 Jun

Amazon Is Moving Quick to Offer One-Day Shipping

WRITTEN BY Sanmit Amin

Amazon 

After Amazon (AMZN) announced its first-quarter earnings, it said that it will be spending $800 million during the second quarter to make free, one-day delivery standard for US Prime members.

On June 3, Amazon announced that over 10 million items are currently available for free, one-day shipping for its $119 a month membership. In the United States, Amazon had one-day and same-day shipments available in 10,000 markets as of the fourth quarter last year.

The company noted that one-day delivery is already ten times bigger than the two-day delivery was 14 years ago when it launched.

Amazon also said that it’s making one-day delivery possible by expanding its network in the United States, which now includes 110 fulfillment centers, 20 air gateways, 40 sortation centers, and 100 delivery stations.

Prime is a compelling offering

Amazon said that Prime members in the United Kingdom already see one-day delivery. Prime members in Japan see same-day delivery. However, developing networks to fulfill quick deliveries in these countries is easier since they’re much smaller.

Amazon’s free, one-day delivery will make its Prime membership even more compelling. Retailers like Walmart are scrambling to offer one-day shipping on a much smaller scale. Other retailers don’t offer an equivalent to Amazon’s Prime membership, which offers several benefits apart from free delivery.

Latest articles

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

The cannabis industry is fighting against the ongoing US-China trade war and recessionary worries, which have hurt valuations across the global market.

Higher revenues, increased ticket prices, and lower fuel costs are likely to drive American Airlines' Q3 earnings higher despite its Boeing MAX woes.

HEXO plans to report its Q4 earnings before the market opens on October 24. October has been tough for Hexo, with its stock falling 31.2% as of October 18.

Today, Advanced Micro Devices (AMD) rose 4% to over $32, making it one of the top Nasdaq gainers. Morgan Stanley raised its price target for AMD stock.

Early in 2019, President Donald Trump warned that China could overtake the US as a global power. He vowed that this would not happen under his leadership.