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Amazon Seeks Partners for $15B Warehouse Expansion Program
Amazon is considering a $15-billion warehouse expansion plan that would add nearly 80 new logistics facilities in U.S. cities and rural areas, Bloomberg News reported Wednesday. The e-commerce giant is asking potential capital partners to submit proposals, reported Bloomberg, citing people familiar with the matter.
Although the properties are expected to be mostly delivery hubs, some projects would also include large, multi-story fulfillment centers packed with robots. Currently Amazon operates more than 600 U.S. fulfillment centers, delivery stations and same-day facilities.
Amazon is willing to lease the new logistics facilities in the U.S. for 15 to 25 years, according to Bloomberg. Some of the sites could be funded directly by Amazon.
The company spent heavily on its retail infrastructure during the pandemic, even incurring $2 billion in quarterly expenses for excess warehouse and transportation capacity. It has since reined in those investments, focusing instead on its cloud and AI business.
- ◦Lease
- ◦Development
- ◦Financing
