Amazon announces new freight trucking platform
Trial freight platform is reportedly undercutting prices by up to a third.
Amazon, raising the bar for retailers by moving from two-day to one-day shipping for Prime members, is also poised to disrupt another industry. The e-commerce giant launched a trial version of its online freight-brokerage platform, undercutting market prices by between 26% to 33%, according to FreightWaves.
Amazon, which delivered a first-quarter earnings beat last week, relies on a nationwide network of trucking carriers to move huge volumes of products across America. The service is "intended to better utilize our freight network," and has been around "in various forms for some time," an Amazon spokeswoman said in an email.
Amazon is offering "beta service" access to 53-foot full truckload dry van freight in New York, New Jersey, Pennsylvania, Connecticut, and Maryland, according to its website, which urges customers to "tap into the scale of Amazon as we extend our carrier network to give you best-in-class service at great rates."
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Source: Businessinsider.com
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