Amazon plans $4B investment to expand rural delivery network, compete with Walmart

From Yahoo Finance: 2025-05-05 11:43:00

Amazon plans to invest over $4 billion by 2026 to expand its rural parcel delivery network in the U.S., in response to Walmart’s growing e-commerce presence. The move aims to preempt Walmart’s delivery network utilizing gig drivers. Amazon and Walmart are fierce rivals to traditional carriers like FedEx and UPS. Walmart’s e-commerce growth is driven by same-day delivery to 93% of U.S. households. Amazon’s rural delivery expansion includes 200 new stations, aiming to deliver 1 billion more packages annually to remote areas. This strategic move also creates over 100,000 jobs and aims to control the rural delivery market. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over rising inflation and interest rates. This marked the biggest one-day drop in over a month, impacting major tech companies and financial institutions.

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