walmart

FreightCasts Weekly Recap (7/13-7/19)

You can find every FreightWaves podcast conveniently in one feed via the free FreightCasts channel on freightwaves.com/podcasts, iTunes, Spotify or wherever podcasts are found. 

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https://www.freightwaves.com/news/freightcasts-weekly-recap-7-13-7-19

Walmart+ won’t make Amazon quake, but that could be beside the point

Walmart Inc.’s (NYSE:WMT) planned Walmart+ service, which reportedly launches later this month with a $98 annual fee for same-day deliveries of groceries and general merchandise as well as fuel discounts, may not rain on Amazon.com Inc.’s (NASDAQ:AMZN) parade. And that may not matter.

The subscription-based initiative, first reported earlier this month by the online publication Recode, would expand a pure e-grocery delivery initiative that Walmart launched late last year. The new service will...

https://s29755.pcdn.co/news/walmart-wont-make-amazon-quake-but-that-could-be-beside-the-point

Massive rate rise on Pacific as lines “manipulate” capacity

Rate manipulation on the Pacific trades is being called out by shippers in the US as non-vessel operator and shipping consultant, Jon Monroe argues that the lines are engaging rate manipulation.

Monroe’s claims came as Hapag-Lloyd announced a massive rate increase on the Pacific trade of US$1,200/FEU and US$960/TEU on the trade where volumes remain well below last year’s levels.

US West Coast ports saw volume throughput decline between 10% and 20% for the first half of this year. While there...

https://container-news.com/massive-rate-rise-on-pacific-as-lines-manipulate-capacity/

Is Amazon on the hunt? Analyzing rumored Macy’s, J.C. Penney acquisitions

Could Amazon buy Macy's

Sitting on approximately $27 billion in cash and enjoying robust economic growth during the COVID-19 pandemic — with second-quarter sales expected to grow more than 27% — Amazon (NASDAQ: AMZN) is rumored to be on the acquisition hunt. One often mentioned target is iconic retailer Macy’s (NYSE: M). Another is J.C. Penney (OTC: JCP).

Both have faced their share of struggles in recent years as more consumers shift to online buying, and with the pandemic shutting large portions of the economy,...

https://s29755.pcdn.co/news/is-amazon-on-the-hunt-analyzing-rumored-macys-j-c-penney-acquisitions

Pandemic pantry stocking helps Walmart’s fiscal first quarter

Walmart truck on highway

Walmart, Inc. (NYSE: WMT) saw the impact of pandemic-mandated stay-at-home orders as its comparison sales surged 10% year-over-year to nearly $136 billion in the company’s fiscal first quarter 2021, which ended April 30.

The nation’s largest retailer reported adjusted earnings per share (EPS) of $1.18, $0.09 ahead of the consensus estimate according to Seeking Alpha.

Key Performance Indicators – Walmart

Transactions declined 5.6% year-over-year, but tickets increased 16.5% on average. Walmart said...

https://www.freightwaves.com/news/pandemic-pantry-stocking-helps-walmarts-fiscal-first-quarter

Today’s Pickup: Another ELD provider shuts down

ELD

Good day,

When the electronic logging device (ELD) mandate went into effect, there were more than 250 companies that self-registered their devices for compliance. Most expected that number to shrink over time, and it has. The latest company to abandon its ELD program is Continental.

The company announced it has stopped sales of its Roadlog product line. It will continue to support current users until Aug. 14, 2020, the company said, and provide transition assistance to other providers.

“Unfortunate...

https://www.freightwaves.com/news/todays-pickup-another-eld-provider-shuts-down

Today’s Pickup: Amazon, Walmart, Instacart workers to hold May Day walkout

Good day,

Workers from Amazon, Instacart, Whole Foods and Shipt are planning to walk off the job today  in a May Day rally that caps a month of protests by warehouse workers and delivery drivers over working conditions during the coronavirus pandemic. In a press release, organizers said the targeted companies are “covering up the scale of the outbreak in their facilities,” and aren’t doing enough to protect workers’ health and safety.

The organizers have also released a list of demands, ranging...

https://www.freightwaves.com/news/todays-pickup-amazon-walmart-instacart-workers-to-hold-may-day-walkout

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