Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.
October 29, 2021Business, Technology, Logistics
Amazon Stake in Rivian Disclosed as 20%
Business, Logistics
Amazon’s Holiday-Quarter Sales Forecast Suggests Pandemic Boom Is Over
Amazon .com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade.
October 28, 2021Government, Business, Technology, Logistics
Amazon Tries to Calm Fears Over Supply Chain Woes
Amazon .com Inc. is talking up the size of its delivery operation to ease public alarm that a supply chain crisis could strangle holiday shopping.
October 25, 2021Business
Amazon Staten Island Warehouse Workers Lead Push to Unionize
More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.
October 21, 2021Government, Technology, Safety, Autonomous, TCA
Not Everyone in Seattle Is Excited About Autonomous Vehicles Coming
An announcement Oct. 18 from Amazon’s self-driving car unit Zoox that it will soon start testing its autonomous vehicles in downtown Seattle drew criticism from transportation safety advocates.
October 20, 2021Business, Logistics, Top 100, TCA
Amazon to Hire 150,000 Workers for Seasonal Jobs
Amazon .com is ramping up its operations for the holiday shopping season, announcing Oct. 18 that it’s adding 150,000 seasonal jobs across the U.S.
October 18, 2021Government, Business, Technology, TCA
Senators to Introduce Antitrust Legislation Aiding Amazon Sellers
A bipartisan group of U.S. senators announced Oct. 14 they were introducing additional legislation targeting platforms like Amazon’s marketplace amid news reports that say Amazon swipes product information from sellers to bolster its own brands, then favors those Amazon-branded products in search results.
October 15, 2021Business, Equipment, Logistics
Amazon Seeks Used Long-Range Cargo Jets
Amazon .com Inc. is shopping for used long-range Boeing Co. and Airbus SE cargo planes, according to people familiar with the matter, the latest evidence of the e-commerce giant’s ambitions to move products across borders itself.
October 13, 2021Business, Technology, Fuel
Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing
Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.
October 1, 2021Business
Amazon Will Spend $1.2 Billion on Employee Tuition, Courses
Amazon.com Inc. said it will pay college tuition for select frontline employees, becoming the latest big U.S. employer to offer educational perks to attract and retain workers in a tight labor market.
September 9, 2021