Are we heading into a future where a delivery could come straight to your door? Well, on Wednesday, a congressional hearing met to discuss finalizing regulations on mass commercial use of drones. The Federal Aviation Administration told the Government Reform Committee and U.S. House of Representatives Oversight that the agency expects to finalize regulations with in a year. In 2013, 60 Minutes interviewed Amazon CEO Jeff Bezos who made a statement regarding how the e-commerce giant was looking into delivery via drones, and ever since Amazon (NASDAQ: AMZN) has been experimenting with technology, know as Prime Air, as well as working with the FAA to bring about the legalization of the commercial drone use. Amazon Vice President of Global Policy Paul Misener spoke at the congressional hearing of the drone legalization. “"We'd like to begin delivering to our customers as soon as it's approved," Misener said. "We will have [the technology] in place by the time any regulations are ready. We are working very quickly." If Amazon were able to deliver packages via drones, it could decrease delivery time for consumers and also cut down on Amazon’s shipping cost. Amazon delivers around 3.5 million packages a day, and last year, the company’s shipping costs amounted to $8.7 billion or 9.8% in sales, up from 8.9% the previous year. If the FAA can follow through with is promise, your packages might be coming a lot quicker.
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