Amazon News Updates

BusinessLogistics

Amazon to Sell Deliveroo Stake of Up to $148 Million in IPO

Amazon .com Inc. could raise as much as $148 million (107 million pounds) by selling some of its stake in Deliveroo Holdings in the food-delivery startup’s London initial public offering.

March 23, 2021
BusinessSafetyLogistics

Amazon Closes Canadian Facility Hit by COVID

Amazon .com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising COVID-19 cases inside the complex.

March 12, 2021
BusinessLogistics

Amazon Spends $131 Million for Stake in Cargo Airline ATSG

Amazon .com Inc. has scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its airfreight operations.

March 8, 2021
BusinessLogistics

As Amazon Air Expands, Report Sees Potential Challenge to UPS, FedEx and USPS

Amazon Air is poised for a summertime growth spurt that could send its daily schedule to more than 160 flights per day.

March 2, 2021
GovernmentBusinessSafety

New York Sues Amazon Over Worker Safety During Pandemic

New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.

February 17, 2021
GovernmentBusinessLogistics

Amazon Sues N.Y. Attorney General, Claiming Excessive COVID Demands

Amazon .com Inc. is suing the New York State attorney general, arguing that she’s exceeding her authority in seeking to penalize the company for alleged failures in its pandemic safety protocols and treatment of workers at New York City warehouses.

February 12, 2021
BusinessTechnologyFuel

Amazon-Backed Rivian Reportedly Eyes EV Plant in Europe

Rivian Automotive Inc., the electric-vehicle maker backed by Amazon .com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter.

February 11, 2021
GovernmentBusinessLogistics

Amazon Bid to Delay Union Vote Rejected

The National Labor Relations Board has rejected Amazon .com Inc.’s request to delay a unionization vote at the company’s Bessemer, Ala., warehouse, clearing the way for the closely watched election to begin next week

February 5, 2021
BusinessTechnologyFuelLogisticsAutonomous

Amazon Starts Road Testing Rivian Electric Vans in Los Angeles

Amazon .com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early.

February 3, 2021
GovernmentBusinessBreaking News

Amazon CEO Jeff Bezos to Step Down in Q3

Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2.

February 2, 2021