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Amazon is gearing up to ax thousands more corporate employees, ratcheting up efforts to streamline bureaucracy. The company plans to start rolling out the terminations as early as next week.

David Guggina, who has been the chief e-commerce officer of Walmart U.S., has been promoted to CEO of the division — the company’s biggest and most important business.

The last ATA Driver Compensation Study found truckload drivers earned median annual pay of $76,420 in 2023, a 10% increase compared with the level reported in 2021’s study.

EquipmentShare.com Inc. and Motive Technologies are set to begin formal marketing for their initial public offerings as soon as next week, according to people familiar with the matter.

Amazon is planning a 229,000-square-foot store selling groceries and general merchandise in the Chicago area, a fresh attempt at physical retail that borrows from stores like Walmart and Target.

“AB InBev is securing the quality of key packaging assets in the U.S. likely as a result of aluminum tariffs,” according to Duncan Fox, a Bloomberg Intelligence senior industry analyst. 

Truck stop operator Love’s expanded its financial services arm with the acquisition of three factoring companies. The deals follow earlier factoring acquisitions in July 2020 and July 2024.

More than 6,000 customers reported they were unable to use the app or website the morning of Dec. 30, according to data collected by the website Downdetector.

The move means Ocado can sell more of its technology to other retailers around the world, according to a statement Dec. 30.

Cintas said its new bid implies a total value of about $5.2 billion. It represents a 62% premium to the stock’s last closing price after shares fell in the wake of the last offer being rebuffed in March.