Amazon Looks Set to Build Air Cargo Hub
Amazon accounted for 53% of all U.S. e-commerce sales growth in 2016.
Amazon (AMZN) - Get Report still dominates retail. The website accounted for 53% of all U.S. e-commerce sales growth in 2016. 18% of that comes from electronics. Amazon's new digital assistant and even faster shipping are bringing the company deeper into our daily lives.
Amazon revealed on Tuesday that it plans to spend $1.49 billion to build its first worldwide air cargo hub, which will help to sort packages and hold Amazon's growing fleet of planes.
This article was written by a staff member of TheStreet.
