Latest News Updates From Spencer Soper

BusinessLogisticsPrivateGlobal Freight

Amazon Prime Day Sales Rise 13% in First Six Hours of Event

Amazons Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

July 16, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Prime Memberships in US Gain 8% to New High

Amazon.com Inc.s Prime subscription service hit a new high of 180 million U.S. shoppers in March, up 8% from a year earlier, according to Consumer Intelligence Research Partners.

April 16, 2024
BusinessLogisticsFor-Hire

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion which helps retailers like Saks Fifth Avenue compete with Amazons delivery has secured $41.5 million in fresh funds to expand its operation.

March 22, 2024
BusinessLogisticsGlobal Freight

Amazon Captured 29% of Online Orders Before Christmas

Amazon's share of online orders spiked in the final days of the holiday season, showing how big investments in delivery speed paid off as shoppers sought out products they could get quickly.

January 5, 2024
BusinessTechnology

Cyber Monday Sales Hit Record $12.4 Billion on Nov. 27

U.S. shoppers spent $12.4 billion on Cyber Monday, a robust result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.

November 28, 2023
BusinessTechnologyPrivate

Amazon Scraps Planned Merchant Fee

Amazon.com Inc. is scrapping a planned fee on merchants that dont use its shipping services, according to documents reviewed by Bloomberg.

September 20, 2023
BusinessTechnologyLogisticsPrivate

Amazon Service Lets Merchants Deliver to Physical Stores

Amazon.com Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses.

September 12, 2023
BusinessTechnologyLogistics

Flexport Founder Ryan Petersen to Return as CEO

Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.

September 7, 2023
BusinessLogisticsPrivate

Amazon to Double Number of Same-Day Delivery Facilities

Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the coming years, the company announced July 31.

July 31, 2023
BusinessTechnologyLogisticsPrivate

Amazon Prime Day Invite-Only Deal Targets Buyer Frustration

Amazon.com Inc is alleviating some past Prime Day frustrations by dangling an invite-only promotion designed to give customers a better shot at snagging the bargains they want.

July 11, 2023