UPS Unfazed By ‘Shipping With Amazon’ Pilot Being Tested in LA, Says CEO
UPS is unfazed by any competitive threat from “Shipping With Amazon,” the door-to-door shipping pilot the e-commerce giant is testing with third-party sellers in Los Angeles, said UPS CEO David Abney on a Thursday earnings call. “It's very hard to…
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predict what Amazon or any other of our large shippers are going to do,” said Abney. “We make sure that we evaluate any market moves, whatever impact it would have on our business, and then we monitor and we react accordingly.” UPS regards itself as the e-commerce shipping “vendor of choice,” because its network is “scalable” and “difficult to match because of the density and our diverse customer base,” he said. UPS “sometimes” understates “that we are the largest shipper of B2B,” he said. “It is right in our sweet spot, and we work with all customers, large and small, and marketplace and traditional retailers, and we will continue to do so. So we think we have a good relationship, mutually beneficial relationship with Amazon, but we're open for business for all retailers, big and small.”