Market Chatter: Amazon Considering $15 Billion Warehouse Expansion Plan

MT Newswires Live
09 Apr

Amazon.com (AMZN) is considering a $15 billion warehouse expansion plan to build around 80 new logistics facilities in US cities and rural areas, Bloomberg reported Wednesday, citing unnamed people familiar with the matter.

The e-commerce giant is reaching out to potential capital partners to submit proposals for the project, including delivery hubs and fullfillment centers with robots, the report said, citing the sources who requested anonymity.

Amazon did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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