Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud
FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.
FedEx Ends Ground-Delivery Deal With Amazon
FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.
Scout, Amazon’s Self-Driving Delivery Robot, Heads to California
Amazon said Aug. 6 that its six-wheeled self-driving robots, about the size of a smaller cooler, will begin delivering packages to customers in Irvine, Calif., after testing them in a suburb of Seattle earlier this year.
Amazon Loses ‘Last Bear’ Among Stock Analysts
Amazon.com’s last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a “sell” rating on the company’s shares. In a note to clients July 30, he upgraded the retail and technology giant to “hold.”
FBI: Amazon Drivers Part of Major Theft Ring
SEATTLE — A theft ring in Washington state sold millions of dollars’ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.
EBay Accuses Amazon Managers of Leading Scheme to Snag Sellers
EBay Inc. sued three employees working at e-commerce rival Amazon.com, alleging that they conspired with dozens of other workers to fraudulently take high-value online merchants from eBay.
Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon
A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.
July 31, 2019Amazon’s Spending on One-Day Delivery Dents Profit, Trims Forecast
Amazon.com’s results were marred by a surge in costs tied to its one-day delivery push, worrying investors who had grown accustomed to almost two straight years of fattening profits.
Amazon Results to Show Extent of Sales Boost From 1-Day Shipping
The effects of Amazon.com’s one-day shipping push on profitability and sales will be watched closely when the e-commerce giant reports earnings July 25.
Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City
Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter.