Amazon.com: Logistics call: Innovation continues while ASCS capabilities still early; Buy

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Amazon.com: Logistics call: Innovation continues while ASCS capabilities still early; Buy

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Amazon.com

Logistics call: Innovation continues while

ASCS capabilities still early; Buy

Maintain Rating: BUY | PO: 310.00 USD | Price: 266.32 USD

Amazon innovating with fulfilment, still early for ASCS 26 May 2026

We hosted Marc Wulfraat of MWPVL for a presentation on Amazon Logistics. The call Equity

highlighted continued fulfilment innovation, which includes next-gen automated

Justin Post

fulfilment centers, new mega-sortation centers, multi-use sortation/delivery stations, Research Analyst

and big box stores with delivery capabilities. He also emphasized that Amazon Supply BofAS +1 415 676 3547

Chain Services (ASCS) can increase Amazon’s network density by driving incremental justin.post@bofa.com

volumes, noting opportunities to backfill an imbalanced network (empty trucks returning Ken Hoexter

to major distribution centers). However, ASCS is still “premature” relative to a fully ResearchBofAS Analyst

scaled national offering, with Amazon currently operating 682 delivery stations, below +1 646 855 1498

UPS/FDX averaging approx. 925, and just 26 LTL terminals vs an average of 295 across ken.hoexter@bofa.com

the top 5 carriers. Based on Amazon’s current pace of capacity build, MWPVL ests. that AdamResearchRoszkowski,Analyst CFA

Amazon will be better positioned to compete with major carriers in 2028-2029. BofAS

+1 646 855 5498

Strong cost improvements, but labor remains a challenge adam.roszkowski@bofa.comSteven McDermott

MWPVL ests. that Amazon’s shipping cost per unit has declined 25% to $4.33 in 1Q’26 Research Analyst

BofAS

from $5.89 in 4Q’21, driven by network regionalization & the expansion of same-day +1 646 855 4472

delivery.