Business, Technology

Amazon Leads S&P 500 After Reporting ‘Record’ Holiday Sales

Amazon Ken James/Bloomberg News Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was “record-breaking,” with billions of items shipped and “tens of millions” of Amazon devices like the Echo Dot sold.

Jordyn Holman | Bloomberg News
December 27, 2019
Government, Business, Technology, Equipment, Fuel, Logistics

Amazon’s Van-Buying Spree Delivers a Gift to Auto Industry

Fleet of Amazon vans Vans queue up to leave an Amazon delivery center in Englewood, Colo., on July 30, 2019. (David Zalubowski/Associated Press)

The vans parked outside apartment buildings and along suburban cul-de-sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too.

Gabrielle Coppola | Bloomberg News
December 19, 2019
Business, Logistics, Top 100

FedEx’s Q2 Earnings Tumble, Even More Than Wall Street Expected

FedEx trucks at distribution center in New Jersey Delivery trucks sit in the FedEx Corp. Ground distribution center in Jersey City, N.J., on Aug. 7, 2018. (Marc McAndrews/Bloomberg News)

FedEx Corp. reported lower-than-expected second-quarter fiscal year 2020 earnings Dec. 17, missing Wall Street analysts’ expectations.

Dan Ronan | Associate News Editor
December 17, 2019
Business, Logistics

Dave Clark: The Man Who Built Amazon’s Delivery Machine

Amazon Employees fill online orders at the Inc. fulfillment center in Robbinsville, N.J. (Victor J. Blue/Bloomberg News)

Amazon's logistics chief, Dave Clark, has transformed the retail giant's operations.

Spencer Soper | Bloomberg News
December 17, 2019
Business, Logistics

Where’s My Amazon Package? It May Be Late

Amazon packages Lynne Sladky/AP

NEW YORK — It’s just a week into the holiday shopping season, and Amazon already  is having trouble getting packages to shoppers’ doorsteps on time.

Joseph Pisani | Associated Press
December 6, 2019
Business, Technology, Autonomous

Amazon Plans to Open Cashierless Supermarkets Next Year

Amazon David Ryder/Bloomberg News is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers.

Matt Day | Bloomberg News
November 20, 2019
Business, Logistics

Amazon Accused of Forcing Up Prices in Antitrust Complaint

Amazon Employees process merchandise at the fulfillment center in Phoenix, Ariz. (David Paul Morris/Bloomberg News)

In a letter sent to federal lawmakers, an online merchant has accused of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers.

Spencer Soper | Bloomberg News
November 8, 2019
Business, Technology, Logistics

Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed

Amazon truck in Seattle An Amazon trailer sits in Seattle. The company's Q3 profits didn't meet Wall Street's expectations, but revenue was higher than expected. (Stephen Brashear/AP Images for Amazon)’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.

Dan Ronan | Associate News Editor
October 29, 2019
Business, Technology, Logistics

Walmart Subsidizing Some Vendors in Price War With Amazon

Walmart vs. Amazon price war A Walmart sign (left, Patrick T. Fallon/Bloomberg News) and Amazon package (right, Andrew Harrer/Bloomberg News).

Hold on to your smartphone — the holiday price wars between Walmart Inc. and Inc. are heating up.

Matthew Boyle | Bloomberg News
October 15, 2019

Amazon Expands Two-Hour Whole Foods Delivery

Whole Foods store Rogelio V. Soiis/Bloomberg News

Ever since bought Whole Foods in 2017 for $13.7 billion, shoppers and investors have wondered how the e-commerce giant would integrate the upscale grocer into its sprawling online operation. Now, after two years of tinkering, Amazon is betting big on quick delivery from Whole Foods.

Spencer Soper | Bloomberg News
September 20, 2019