Amazon Beats Revenue and Profit Expectations for Q4
Amazon on Feb. 1 reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
Freight Elite Struggle to Hit Climate Goals as Demand Surges
Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.
Amazon Fined in France for Employee Monitoring in Warehouses
France’s privacy watchdog said Jan. 23 that it hit Amazon’s warehouse unit with a $35 million fine for using an “excessively intrusive system” to monitor worker performance and activity.
January 23, 2024Amazon Captured 29% of Online Orders Before Christmas
Amazon's share of online orders spiked in the final days of the holiday season, showing how big investments in delivery speed paid off as shoppers sought out products they could get quickly.
Retailers Improve Delivery Speeds
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
Amazon Asks Federal Judge to Dismiss FTC’s Antitrust Lawsuit
Attorneys for Amazon on Dec. 8 asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant.
December 11, 2023Amazon, Hyundai Announce Online Car Sales From Local Dealers
Amazon.com Inc. customers will be able to buy Hyundai Motor Co. vehicles on the e-commerce giant’s website starting next year.
Amazon to Expand Grocery Delivery
Amazon.com Inc. is rolling out grocery delivery service for non-Prime members to the wider U.S. as it prepares to open more supermarkets next year.
Rivian to End Exclusivity With Amazon
Electric vehicle maker Rivian said Nov. 7 that it will allow other companies to purchase its fleet of delivery vans, ending an exclusive agreement with Amazon.
November 8, 2023Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion
Amazon CEO Andy Jassy gave investors much of what they wanted: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.