Amazon.com

Amazon’s net income, EPS more than triple year-on-year

Amazon will not monitor drivers for mask wearing

Amazon.com Inc. (NASDAQ:AMZN) late Thursday posted first-quarter revenue of $107.1 billion, a 41% increase over 2020 results, with operating income more than doubling to $8.9 billion and net income more than tripling to $8.1 billion.

On a diluted basis, the Seattle-based e-tailer posted $15.79 in per-share earnings, compared with $5.01 in the year-earlier quarter. The median estimate from 15 analysts polled by Barchart was $9.75 a share.

Amazon spent more than $17.1 billion on shipping in the...

https://s29755.pcdn.co/news/amazons-net-income-eps-more-than-triple-year-on-year

The United States of Amazon: 10 questions for Alec MacGillis

Amazon.com Inc. (NASDAQ:AMZN) has hooked millions of Americans with its remarkable skills in fusing product availability, technology and customer experience. The nation’s growing dependence on Amazon ignores, or overpowers, socioeconomic issues surrounding the company that might otherwise be front and center in national conversations. That may be the central message of Alec MacGillis’ critically acclaimed book: “Fulfillment: Winning and Losing in One-Click America.”

MacGillis, a reporter at...

https://s29755.pcdn.co/news/the-united-states-of-amazon-10-questions-for-alec-macgillis

The struggle to organize warehouse labor

The effort by the Retail, Wholesale, and Department Store union to organize 5,800 workers at Amazon.com Inc.’s (NASDAQ:AMZN) Bessemer, Alabama, warehouse is being seen as a defining moment for the organized labor movement. The union has pushed the world’s most powerful company to the limit, earning plaudits from supporters and observers for its cohesion and determination. It even won the support of President Joe Biden, who in a near-unprecedented step for a sitting U.S. president defended the...

https://s29755.pcdn.co/news/the-struggle-to-organize-warehouse-labor

Bezos To Step Down As Amazon CEO

  • Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive Andy Jassy.
  • Jassy joined Amazon in 1997 and has led Amazon’s Web Services cloud team since its inception.
  • Bezos said he will stay engaged in important Amazon projects but will also have more time to focus on the Bezos Earth Fund.

Amazon.com Inc. founder Jeff Bezos would step down as CEO and become executive chairman, as the company’s third consecutive record profit and...

https://mfame.guru/bezos-to-step-down-as-amazon-ceo/

ICS Requests Jeff Bezos To Support Stranded Seafarers

  • Shipping industry associations called on Jeff Bezos to support about 400,000 seafarers stuck on merchant vessels.
  • About 90% of global trade relies on shipping and the success and scale of shopping events such as Cyber Monday wouldn’t be possible without their work.
  • Without these seafarers, global trade as we know it would simply cease to exist.

Shipping industry associations called on Amazon.com Inc. founder Jeff Bezos to support some 400,000 seafarers stuck on merchant vessels because of...

https://mfame.guru/ics-requests-jeff-bezos-to-support-stranded-seafarers/

Alibaba.com taxis toward the B2B e-commerce runway

Huge and potentially very profitable. Hardly digitized. Complex and underserved, at least until now. That describes the state of the global business-to-business (B2B) e-commerce market. Not many providers have been able to master the beast. Still fewer focus their energies on small to midsize businesses (SMB) trying to make their way in the digital B2B space.

That’s the sweet spot for Alibaba.com, the B2B e-commerce unit of China’s Alibaba Group Holdings Ltd. (NASDAQ:BABA). The parent was...

https://s29755.pcdn.co/news/alibaba-taxis-toward-the-b2b-e-commerce-runway

Hawaii says ‘Aloha’ to Amazon Air

A light/dark blue Amazon Prime jet at the cargo terminal, with wing tips folded up, as viewed from the side. Amazon Air is opening new airport facilities in Hawaii.

Amazon Air launched cargo operations in Maui and on Hawaii Island last week to help facilitate speedier deliveries for Prime customers.

The retail giant’s two newest regional gateways are at Kahului Airport and Kona International Airport, the company said in a news release shared with FreightWaves that hasn’t been posted on its website. It first announced the start of air cargo operations in a tweet last week.

Amazon’s (NASDAQ: AMZN) in-house airline is now operating daily flights from its...

https://s29755.pcdn.co/news/hawaii-says-aloha-to-amazon-air

Amazon Air launches operations at new Florida hub

White Amazon jet with dark blue tail parked at new Lakeland, Florida, air hub, view from rear and above.

Amazon (NASDAQ: AMZN) inaugurated its new regional air hub near Tampa, Florida, with the arrival of the first freighter flight on Thursday.

The 42-acre air terminal is at Lakeland Linder International Airport, a general aviation airport. Amazon operates a large fulfillment center in Lakeland, which is chock full of distribution centers.

Amazon invested more than $100 million in the 285,000-square-foot air cargo complex, which includes ramp space for seven all-cargo planes, city officials stated...

https://www.freightwaves.com/news/amazon-air-launches-operations-at-new-florida-hub

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