FedEx is not concerned about recent reports of Amazon possibly building up an in-house shipping network, and downplayed them as mere “headline grabbing” stories. 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 “ 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 .