Amazon Air Founder Has New Start-up

In an effort to address logistics problems in 2014, Amazon ($AMZN@US) began to lease its own airplanes, and in 2016, it launched Amazon Air, a dedicated cargo network to rival shipping giants like UPS ($UPS@US) and FedEx ($FDX@US) directly. Scott Ruffin is the mind behind Amazon Air, and he’s now launched the start-up Pandion to help smaller companies navigate the world of sorting, packing, and shipping. After its $4.9 million round of seed funding, the company announced today it raised another $30 million from investors, including AME Cloud Ventures, led by Yahoo! Co-founder Jerry Yang and Innovation Endeavor, co-founded by former Google CEO Eric Schmidt. Pandion aims to meet the modern challenges of online retail to meet the surging demand that is overloading the existing shipping system. U.S. consumers are projected to spend $933.3 billion online this year, up 17.9% from 2020. Amazon is expected to account for 40% of that.