Amazon has announced that it’s going to charge merchants about 3 percent more in fulfillment fees, which include things like warehousing and shipping goods, according to a report by Reuters. The eCommerce giant said it is facing higher costs in infrastructure as well as the...
Amazon, in its bid to take more control over its own shipping and logistics, has contracted Sun Country Airlines to fly a fleet of 10 Boeing 737-800 freighters in Q2 of the year, according to a report by CNBC. Sun Country is a small carrier...
A German labor union for two Amazon logistics centers is calling for a strike ahead of Christmas demanding higher pay, Reuters reported on Sunday (Dec. 15). The labor union Verdi, in an effort to force Amazon to recognize collective bargaining agreements that apply to other...
Morgan Stanley has released a report stating that Amazon is already delivering in the neighborhood of half of all its own packages, and that it will soon surpass FedEx and United Parcel Service (UPS) in terms of volume, according to a report by CNBC. “Our...
Amazon has inked a deal to open its next headquarters in midtown Manhattan at Hudson Yards less than a year after withdrawing a plan to open a headquarters in Queens, The Wall Street Journal (WSJ) reported on Friday (Dec. 6). The eCommerce giant has signed...
Royal Bank of Canada (RBC) Capital said there’s an overlooked part of Amazon’s ecosphere of services that’s being casually overlooked but will be extremely profitable for the company in the coming years, according to a report by CNBC. RBC said Amazon Business will see revenue...
Amazon Web Services (AWS) is launching a voice transcription tool for doctors at its Las Vegas re:Invent conference Dec. 2-6, CNBC reported on Monday (Dec. 2). Amazon Transcribe Medical transcribes doctor-patient interactions and transfers the information to an individual’s health record. “Our overarching goal is...
Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to...
When you can’t beat ‘em, join ‘em. Or: If at first you don’t succeed … try, and try again. China is a market that most Western firms — especially online marketplaces — covet. But the walls are high. Amazon has learned that firsthand, having shuttered...
