E-Commerce

Amazon Air cuts ties with Silver Airways

Amazon’s private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small feeder routes, FreightWaves has confirmed.

Silver Airways, a privately held regional airline based in Fort Lauderdale, Florida, that operates passenger service in the Southeast, the Bahamas and the Caribbean with small propeller aircraft and seaplanes, began flying under contract with Amazon...

https://www.freightwaves.com/news/amazon-air-cuts-ties-with-silver-airways

E-commerce funding platform 8fig raises $140M

8fig, a provider of funding and supply chain management software for e-commerce enterprises, has announced the closing of $140 million in new funding.

The financing consists of $40 million in a Series B round along with $100 million in a credit facility.

The funding round was led by Koch Disruptive Technologies, with participation from existing investors Battery Ventures, Localglobe, Hetz, the Jesselson family and Silicon Valley Bank, a division of First Citizens Bank.

8fig will use the funding to...

https://www.freightwaves.com/news/texas-based-e-commerce-funding-platform-8fig-raises-140m

Cargojet postpones more 777 freighters, tightens belt as shipments slow

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Cargojet, which operates an extensive middle-mile air cargo network in Canada for express delivery...

https://www.freightwaves.com/news/cargojet-postpones-more-777-freighters-tightens-belt-as-shipments-slow

Walmart wants to beat Amazon at its own game

Well aware of the storm clouds brewing on the macroeconomic horizon, Walmart is doubling down on its supply chain-led transformation into an omnichannel retailer with an integrated, flexible and intelligent distribution and fulfillment network. For Walmart, leveraging its supply chain to unlock new margin gains is integral to “Everyday Low Cost,” which enables “Everyday Low Prices.” 

Walmart doesn’t expect to grow fast in 2023. For the year ending Dec. 31, 2022, (Walmart’s fiscal year 2023),...

https://www.freightwaves.com/news/walmart-wants-to-beat-amazon-at-its-own-game

Lufthansa Cargo adds cities to new intra-European freighter network

Lufthansa Cargo is expanding its regional freighter network based at Germany’s Frankfurt airport to three destinations in southern Europe, the company said Tuesday. 

Added to the summer schedule, as of next week, are Larnaca, Cyprus; Athens, Greece; and Milan. In total, Lufthansa Cargo’s intra-European network will cover a dozen cities with more than 50 flights per week. 

The cargo subsidiary of Lufthansa Airlines (DXE: LHA) began operating short- and medium-distance routes for same-day...

https://www.freightwaves.com/news/lufthansa-cargo-adds-cities-to-new-intra-european-freighter-network

Is inflation crushing e-commerce volume growth?

Walmart on Thursday announced layoffs affecting approximately 200 employees in its Bethlehem, Pennsylvania, fulfillment center. Earlier in the week, Amazon CEO Andy Jassy announced that the e-commerce giant would cut 9,000 jobs, the latest in a string of layoffs.

Something’s happening in e-commerce, but it’s difficult to disentangle all of the data: Census Bureau numbers on seasonally unadjusted e-commerce retail sales were up 6% year over year (y/y), but they’re only current as of the fourth...

https://www.freightwaves.com/news/is-inflation-crushing-e-commerce-volume-growth

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