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FedEx and UPS Could Lose Billions as Amazon Air Expands (NASDAQ: AMZN) is expanding its fleet of cargo planes to 50, potentially taking billions of dollars in business from FedEx (NYSE: FDX) and UPS (NYSE: UPS), as it assumes more responsibility for its own deliveries. It also positions Amazon as a future carrier rival.

FAA proposes fining Amazon $350,000 for hazardous package

The U.S. Federal Aviation Administration said on Monday it is proposing a $350,000 civil fine against Inc for shipping a product that allegedly violated hazardous materials regulations and injured several UPS workers who handled the package.

Amazon Contracts For Its Own Fast Delivery From Distribution Center

PITTSBURGH (KDKA) — If had its way, every shopper would shop online, and then have that order filled and packaged at fulfillment centers like one in Crafton with products to be delivered to your doorstep by Amazon deliverers, instead of the traditional U.S. Postal Service, UPS, or FedEx delivery.