e-commerce
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FreightWaves LIVE
Tech focus keeps Prologis Ventures atop logistics real estate trends
Real estate is benefiting from the growth of e-commerce, where the supply chain is evolving from a cost center to a revenue generator.
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American Shipper
CMA CGM targets e-commerce with Wing investment
CEVA Logistics, the third-party logistics subsidiary purchased by the French shipping giant in April, will cross-sell and share warehousing with Wing.
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Company earnings
Amazon’s third-quarter revenue surges, but so do its shipping costs
Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46%…
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Air Cargo
IAG Cargo offers end-to-end cargo monitoring service
IAG Cargo partners with Cargo Signal
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News
DHL Express to supersize Incheon parcel hub
DHL Express plans to invest 131 million euros ($144.5 million) to nearly triple the size of its package sort facility adjacent to South Korea’s Incheon…
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Last Mile
Uber expands its reach into grocery delivery and Latin America
The amount paid by Uber for majority ownership of Cornership has not been disclosed.
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Last Mile
Michaels craft stores now function as UPS drop off and pick up locations
This means that customers can ship or drop off packages while they shop for yarn or Halloween decor.
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Air Cargo
UPS to invest $220 million in Louisville maintenance hangar
UPS is adding infrastructure capacity for its airline to keep up with demand for Next-Day air volume.
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Last Mile
Food-delivery apps add more supermarkets to their routes
Postmates just announced a partnership with Walgreens and Duane Read stores – all 174 of them – in Manhattan and Brooklyn.
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Economics
Salesforce forecasts 13% holiday e-commerce growth in 2019 (with video)
Salesforce drew on three years of data from 4,500 e-commerce sites to generate its forecast.
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