The Wall Street Journal reports the breaking news on Amazon’s brand new cargo hub.
Amazon.com Inc. said Tuesday it plans to build its first air cargo hub to accommodate its growing fleet of planes, signaling the company is ramping up its expansion into transporting, sorting and delivering its own packages.
The Seattle-based retailer said it expects the new air hub, located at Cincinnati/Northern Kentucky Airport in Hebron, Ky., to create more than 2,000 jobs. The move will lessen its dependence on traditional carriers, including United Parcel Service Inc. and FedEx Corp. , both of whose largest hubs are nearby.
It appears—for now—Amazon is more concerned with shoring up its own volume to ensure it has enough capacity during busy times like the holidays than competing with the carriers, analysts said.
The online retail giant already has a large presence in Kentucky, with 11 fulfillment centers in place there in part due to the area’s central location that enables it to act as a logistics hub.
The site’s new jobs may count toward the 100,000 jobs Amazon pledged in early January to create in the U.S. by mid-2018.
Read more here.
Amazon will build a $1.4 billion hub in Kentucky for its cargo jet fleet
Latest posts by Dick Young (see all)
- Here’s the Minimum You Should Invest in Fixed-Income - December 14, 2018
- Are You Prepared for the New Money Crisis? - December 14, 2018
- How Can You Spot a Loser in Investing? - December 12, 2018