Amazon News Updates

BusinessLogisticsPrivateGlobal Freight

Online Holiday Spending Projected to Rise 8.4%

Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last year鈥檚 holidays and the biggest increase since 2021.

September 25, 2024
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon Launches AI Assistant to Help Online Merchants

Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.

September 19, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour

Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.

September 18, 2024
BusinessTechnologyLogisticsPrivateGlobal Freight

Intel to Make Custom AI Chip for Amazon, Delay German Plant

Intel and Amazon鈥檚 AWS will co-invest in a custom semiconductor for artificial intelligence computing 鈥 what鈥檚 known as a fabric chip 鈥 in a 鈥渕ultiyear, multibillion-dollar framework.鈥澛

September 17, 2024
BusinessLogisticsPrivate

Amazon Contract Drivers Organize With Teamsters in New York

Hundreds of Amazon contract-delivery drivers at a New York City warehouse are organizing with the Teamsters, demanding that the company bargain with them over wages and working conditions.

September 16, 2024
BusinessTechnologyLogisticsGlobal FreightTop 100Top 50

Amazon to Boost Contract Driver Pay to Nearly $22 an Hour

Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.

September 12, 2024
BusinessTechnologyLogisticsAutonomousGlobal FreightTop 100Top 50

Will Amazon鈥檚 AI Bet Pay Off?

More than any of the megacap technology stocks, Amazon.com Inc.鈥檚 big-spending ways are coming at the expense of profits, and its shares are being punished as a result.

August 20, 2024
BusinessTechnologyLogisticsGlobal Freight

Rivian Pauses Output of Amazon鈥檚 Electric Delivery Van

Rivian Automotive Inc. has paused production of the electric commercial van it makes for Amazon.com Inc. due to a parts shortage in the latest supply chain snafu for the EV maker.

August 16, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Tests Speedy Delivery Service Featuring Kia Souls

Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.

August 8, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

August 1, 2024

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics