Amazon reports $158B in Q3 revenue, beats Wall Street expectations
E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter.
E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter.
Amazon Air is looking to make money from its in-house cargo airline by renting out aircraft, including those operated by Sun Country Airlines, to shippers.
EFW, a company that specializes in passenger-to-freighter conversions, is shutting down its U.S. assembly plants because of shortages in skilled labor and other problems that have delayed delivery of large aircraft to Amazon.
Amazon’s cargo airline is welcoming shipments from logistics companies and other businesses as it tries to better utilize a private fleet originally dedicated to supporting its own e-commerce sales.
Former Amazon and Flexport executive Dave Clark has launched Auger, a $100 million-backed logistics software startup aimed at optimizing supply chain decision-making for midsize to large businesses by using AI and automation.
Over 600 layoffs hit freight-related companies in California, Illinois and New York, with the businesses citing loss of customers and an acquisition as reasons for the cuts.
A second front will be opened in the legal battle over whether Amazon is a joint employer of drivers along with its delivery service partners.
Alaska Airlines will become a major cargo airline with the integration of Hawaiian Airlines’ freighter fleet that services Amazon.
A regional decision by the National Labor Relations Board undermines Amazon’s delivery service partner model and will force greater recognition of unionized workers by the retail giant across the country, according to the Teamsters union.
The Teamsters union claimed a legal victory in its pressure campaign for collective bargaining at Amazon’s primary air hub in northern Kentucky, near Cincinnati.
Amazon logistics partner Air Transport Services Group expects better revenue and profits the rest of this year after a difficult second quarter.
Sun Country Airlines expects to double its cargo revenue once a revised transportation contract with Amazon is fully implemented in 2026.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
Speedy deliveries and simple return policies are key for a positive customer experience this Amazon Prime Day, says Loop Returns Vice President of Product Kristen Kelly.
Amazon Prime Day 2024 will run July 16 through July 17, with discounts on millions of items across 35 categories for Amazon Prime subscribers.
After raising funds with Wischoff Ventures, Freightmate Ai launches its first automated tool for freight forwarders.
Sun Country Airline will see improved economics from its amended contract for outsourced air transportation to Amazon, executives said.
Sun Country Airlines will operate 20 freighter aircraft for Amazon by late 2025 after the retailer agreed to expand its partnership with the passenger and charter airline.
Teamsters update: The union has recently aligned with Amazon workers, won three elections and signed a new deal with a Ryder unit.
Atlas Air will phase out flight operations for Amazon but continue to lease aircraft to the retailer while targeting more cross-border shipping.