Amazon's ramping up same-day delivery, testing bike couriers for one-hour drop offs. It also warned regulators it could shift more drone testing abroad. Fred Katayama reports.
Amazon wants to get packages in your hands even faster - whether it's using cutting edge drones or that 19th century mode of transport, the bicycle. The online retailer warned regulators that it will do more of its drone testing abroad unless it's allowed to do outdoor trials in the U.S. Amazon Prime Air service would use drones to drop off packages in 30 minutes or less. Amazon Prime Now, by contrast, aims to do that in one hour. And for that, the Wall Street Journal reports it's testing pedal power in New York City. It's holding time trials with at least three bike courier services. That may be a tall order, but Amazon is stepping up same-day service because titans like Macy's, Walmart and Google are also in the game. Amazon currently offers same-day service in more than a dozen U.S. cities. Piper Jaffray senior analyst Gene Munster said, "We believe the next competitive ground in commerce will be centered on same-day delivery ... We remain positive on shares of Amazon based on the company's pole position in the secular ecommerce growth theme." Amazon's shares fell in early trading. Separately, Amazon failed in the auction game more than a decade ago against eBay. But it's coming back with something smilar. The "Make An Offer" feature allows shoppers to privately negotiate for lower prices on collectibles and fine art ... including this baseball signed by Yankee greats Babe Ruth and Lou Gehrig. You wouldn't want to pay the $55,000 list price, would 'ya? Go make your pitch.