Global Freight

Amazon joins Nvidia, Alphabet, Microsoft and Apple as the only companies that have reached that size. 

CFO Brian Olsavsky said, “In cases where we did see an increase in costs due to tariffs, we largely absorbed these costs rather than pass them on to customers.” 

Amazon delivered strong profit and net sales during its fiscal second quarter, helped by surging growth in its prominent cloud computing unit.

“Specifically, we eliminated approximately 2 million pieces per day of lower-quality Amazon volume,” UPS CEO Carol Tomé said during a call with investors.

CMA CGM reported higher second-quarter sales and profit as a rise in freight volumes offset new shipping capacity coming into the market and higher costs related to the war in the Middle Eas.

Kuehne+Nagel has been discussing options with potential advisers, including the sale of a roughly 20% stake in its Apex Logistics business.

The offer highlights mounting risks in the Strait of Hormuz after 59 commercial ships were attacked and 17 seafarers died.

Oil prices rose to their highest point in weeks after President Donald Trump declared the U.S. ceasefire with Iran over, responding to Iranian attacks on commercial ships in the Strait of Hormuz.

When Amazon sold its biggest-ever bond earlier this year, it was inundated with investor orders amid hype about the AI boom. This time around, there’s less fanfare.

H.Essers is entering the U.S. market by bringing chemical warehousing firm Palmer Logistics into its operations and outlining plans for expansion.