The two largest U.S. freight companies are poised to enter the logistics space with their own logistics companies, according to a new report.
Amazon’s fulfillment business, which is also expanding, is looking to buy a logistics company with a U.K.-based logistics arm.
UPS, meanwhile, is exploring an expanded footprint and is looking at expanding its logistics business, according the Wall Street Journal.
The U.N. Development Program, which promotes economic development through sustainable development, has identified Amazon and its rival UPS as two of the world’s top five largest logistics companies.
The report, which tracks the growth of logistics companies and their companies, finds Amazon to be growing at a rapid pace.
Amazon has a $15 billion market cap and operates in nearly 40 countries, according TOGID, which manages the program.
It has more than 1,000 employees.
The report also says that Amazon has been making strides in logistics with a large-scale fulfillment center in Seattle and a new logistics facility in Portland.
UPS has recently been expanding its operations in New York City, where it has a logistics office.
The Journal also reports that UPS is eyeing expanding its manufacturing operations in the U.KS.
UPS is expanding its factories in the United Kingdom and in Canada, the Journal reported.
UPS CEO and President Terry Sullivan has been promoting the idea of expanding manufacturing to the U