Amazon News Updates

Government, Business, Technology, Logistics

Amazon Might Have to Sell Logistics Business Under Bill

Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.

June 22, 2021
Business, Technology, Autonomous

Amazon in Talks to Buy Stake in AI Truck-Driving Startup Plus

Amazon .com Inc. has placed an order for 1,000 autonomous driving systems from self-driving truck technology startup Plus and has acquired the option to buy a stake of as much as 20%, Plus said in a regulatory filing.

June 21, 2021
Business, Technology, Logistics

Amazon to Hold Prime Day June 21-22

NEW YORK — Amazon said that it will hold its annual Prime Day on June 21 and 22, the earliest it has ever held the sales event.

June 2, 2021
Business, Technology, Logistics

Bezos: Amazon’s Andy Jassy Will Become CEO on July 5

Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.

May 26, 2021
Government, Business, Technology, Logistics

Amazon Sued by D.C. AG in Antitrust Suit Over Pricing

Amazon .com Inc. was sued by the attorney general for Washington, D.C., who accused the online retail giant of engaging in anticompetitive practices that have raised prices for consumers.

May 25, 2021
Business, Logistics

Amazon Fuels Canada’s Severe Warehouse Shortage

With the pandemic driving a belated embrace of online shopping in Canada, Amazon .com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.

May 5, 2021
Business, Technology

Amazon Q1 Sales Beat Estimates

Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S.

April 29, 2021
Business, Technology, Logistics, Top 100

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

April 27, 2021
Business, Technology

Amazon Offers Pay-by-Palm at Some Whole Foods

NEW YORK — Amazon is rolling out pay-by-palm technology at some Whole Foods grocery stores near its Seattle headquarters to make paying quicker and more convenient.

April 21, 2021
Business, Logistics

Union Appeals Amazon Election Loss, Claiming Misconduct

Accusing Amazon .com Inc. of misconduct, the retail union that lost a hotly contested election at the company’s Alabama warehouse has asked federal officials to set aside the results.

April 19, 2021