ATSG - To Speed Delivery Amazon Will Lease 12 New Cargo Aircraft Open New Regional Air Hubs
More jets bearing the Amazon.com (NASDAQ: AMZN) logo will soon be crisscrossing the skies over America and abroad, according to a press release today in which the retail giant announced a significant expansion in its fleet. The leases of cargo modified Boeing 767-300 wide-body jetliners will increase the company's number of available aircraft from 70 to 82, a jump of slightly more than 17%.
The retailer is aiming to increase the capacity and speed of its delivery network as online order volume continues to explode. Powerfully rising demand is hampering Amazon's ability to fulfill orders rapidly, leading the company to throttle back availability of faster delivery methods and adopt other measures to try to ease the pressure on its supply chain.
Image source: Amazon