Amazon News Updates

BusinessLogisticsTCA

Amazon Plans Large Distribution Center Near Chicago

Amazon plans to open a three-building distribution center on the site of the former Maywood Park horse track near Chicago, as part of the e-commerce giant’s ongoing race to deliver packages to customers faster.

January 7, 2020
BusinessTechnology

Amazon Leads S&P 500 After Reporting ā€˜Record’ Holiday Sales

Amazon.com Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was ā€œrecord-breaking,ā€ with billions of items shipped and ā€œtens of millionsā€ of Amazon devices like the Echo Dot sold.

December 27, 2019
GovernmentBusinessTechnologyEquipmentFuelLogistics

Amazon’s Van-Buying Spree Delivers a Gift to Auto Industry

The Amazon.com vans parked outside apartment buildings and along suburban cul-de-sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too.

December 19, 2019
BusinessLogisticsTop 100

FedEx’s Q2 Earnings Tumble, Even More Than Wall Street Expected

FedEx Corp. reported lower-than-expected second-quarter fiscal year 2020 earnings Dec. 17, missing Wall Street analysts’ expectations.

December 17, 2019
BusinessLogistics

Dave Clark: The Man Who Built Amazon’s Delivery Machine

Amazon's logistics chief, Dave Clark, has transformed the retail giant's operations.

December 17, 2019
BusinessLogistics

Where’s My Amazon Package? It May Be Late

NEW YORK — It’s just a week into the holiday shopping season, and Amazon already Ā is having trouble getting packages to shoppers’ doorsteps on time.

December 6, 2019
BusinessTechnologyAutonomous

Amazon Plans to Open Cashierless Supermarkets Next Year

Amazon.com is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers.

November 20, 2019
BusinessLogistics

Amazon Accused of Forcing Up Prices in Antitrust Complaint

In a letter sent to federal lawmakers, an online merchant has accused Amazon.com of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers.

November 8, 2019
BusinessTechnologyLogistics

Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed

Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.

October 29, 2019
BusinessTechnologyLogistics

Walmart Subsidizing Some Vendors in Price War With Amazon

Hold on to your smartphone — the holiday price wars between Walmart Inc. and Amazon.com Inc. are heating up.

October 15, 2019

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