FedEx executive VP Mike Glenn told analysts yesterday that FedEx is not concerned about recent news of Amazon possibly building up an in - house shipping network , and downplayed it as mere “ attention grabbing ” stories . Glenn stated that he believes for Amazon to make a real impact in the delivery market it would take too long and cost too much : “ While recent stories and reports of a new entity competing with the three major carriers in the United States grabs attention , the reality is it would be a daunting task requiring hundreds of billions of dollars in capital and years to build sufficient scale and density to replicate large carriers like FedEx , ” Glenn said .
FedEx executive VP Mike Glenn told analysts yesterday that FedEx is not concerned about recent news of Amazon possibly building up an in-house shipping network, and downplayed it as mere “headline grabbing” stories. Glenn stated that he believes for Amazon to make a real impact in the delivery market it would take too long and cost too much: “While recent stories and reports of a new entity competing with the three major carriers in the United States grabs headlines, the reality is it would be a daunting task requiring tens of billions of dollars in capital and years to build sufficient scale and density to replicate existing networks like FedEx,” Glenn said.