Latest News Updates From Spencer Soper

BusinessTechnologyLogistics

Amazon Web Outage Affects Delivery Operation

An Amazon Web Services outage is wreaking havoc on the e-commerce giants delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.

December 7, 2021
BusinessTechnology

Cyber Monday Misses Estimates on Short Supply, Weak Deals

Final sales for Cyber Monday fell short of estimates and didnt surpass last years record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season.

November 30, 2021
Business

Amazon Staten Island Warehouse Workers Lead Push to Unionize

More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.

October 21, 2021
BusinessTechnologyLogisticsTop 100

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

April 27, 2021
BusinessLogistics

Amazon Merchants Say Deliveries of Some Products Are Delayed

Amazon .com Inc. merchants around the U.S. say some products that normally reach customers in one or two days are now taking a week or longer just as the worlds largest online retailer heads into whats expected to be a record-busting holiday shopping season.

November 25, 2020
BusinessLogistics

Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods

The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store.

September 16, 2020
BusinessLogistics

Amazon Looks to Use More Contractors for Grocery Delivery

Amazon .com Inc. is experimenting with a new program that pays independent contractors to fetch groceries from shelves in Whole Foods stores and deliver them in their own vehicles.

September 15, 2020
BusinessTechnologyLogistics

Amazon Plows Through Pandemic With Record Profit

Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.

July 31, 2020
Business

Elon Musk Says Time to Break Up Amazon, Fueling Jeff Bezos Feud

Tesla Inc. CEO Elon Musk said its time to break up Amazon in a tweet June 4, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration.

June 5, 2020
BusinessLogistics

Amazon Prime Air Could Surge to 200 Jets From 42, Study Says

Amazon .com Inc.'s Prime Air fleet will grow to about 200 planes up from 42 now in the next seven or eight years, creating an air cargo service that could rival UPS Inc., according to a study.

May 26, 2020