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00:02Amazon said Wednesday it plans to invest $4 billion through 2026 to expand its rural delivery network,
00:08tripling its current footprint with more than 200 new delivery stations.
00:11That according to CNBC.
00:13The expansion aims to cut delivery times in half and create about 170 jobs per site.
00:19Amazon emphasized the move comes as competitors reduce rural service due to costs.
00:23Wanda continues to invest in faster logistics.
00:25Amazon has accelerated its delivery speeds by investing in a vast warehouse network and internal logistics.
00:32It means to surpass UPS and FedEx as the top U.S. package carrier.
00:37While it still uses services like USPS for rural areas,
00:40UPS is cutting 20,000 jobs with efforts to reduce Amazon deliveries by more than half.
00:45For all things money, visit Benzinga.com slash GSTV.
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