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Rani Molla

Amazon drone delivery costs customers $9.99 but Amazon a lot more

So far Prime Air has delivered “thousands” of packages in sunny College Station, Texas, and Tolleson, Arizona, where it recently expanded, in less than an hour. It aims to deliver 500 million packages a year by drone in under 30 minutes in 2029, The New York Times reports.

The program costs Prime members $9.99 per delivery ($15 if you’re not a member) but likely costs Amazon a lot more, though the company didn’t specify how “deeply unprofitable” it was. Business Insider reported on internal documents in 2022 that showed the e-commerce company would lose $63 a package in 2025.

For now the program can only deliver one item at a time and only during the day. It’s noisy and the drones require 3 square meters of open space where they can hover in and drop the delivery.

The program costs Prime members $9.99 per delivery ($15 if you’re not a member) but likely costs Amazon a lot more, though the company didn’t specify how “deeply unprofitable” it was. Business Insider reported on internal documents in 2022 that showed the e-commerce company would lose $63 a package in 2025.

For now the program can only deliver one item at a time and only during the day. It’s noisy and the drones require 3 square meters of open space where they can hover in and drop the delivery.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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