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Business, Logistics, Private, Global Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

Haleluya Hadero | Associated Press
August 1, 2024
Business, Private, Top 100

Tyson, JBS Set for Earnings Spike From Poultry Rebound

Companies including Tyson Foods Inc. and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their US beef operations.

July 31, 2024
Government, Business, Technology, Safety, Logistics, For-Hire, Private, Global Freight

FAA Clears Drone Companies to Operate in Shared Airspace

The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.

Allyson Versprille | Bloomberg News
July 30, 2024
Government, Business, Safety, Logistics, Private, Global Freight

Amazon Deemed Responsible for Hazardous Third-Party Items

Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.

Haleluya Hadero | Associated Press
July 30, 2024
Business, Private

ADM’s Profit Shrinks on Crop Market Downturn

Archer-Daniels-Midland Co.’s quarterly profit shrank more than expected as the grain trading giant faces a downturn in crop markets.

July 30, 2024
Business, Logistics, Private, Global Freight

Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion

U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.

Spencer Soper | Bloomberg News
July 18, 2024
Business, Logistics, Private, Global Freight

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

Amazon’s 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.

Spencer Soper | Bloomberg News
July 16, 2024
Business, Private

Stop & Shop Closing 32 Grocery Stores in US Northeast

Stop & Shop said July 12 that it will close 32 underperforming grocery stores in the Northeast U.S. by the end of the year.

Dee-Ann Durbin | Associated Press
July 12, 2024
Business, Private

PepsiCo’s Q2 Profits Jump, but Demand Continues to Slip

PepsiCo reported higher-than-expected earnings in the second quarter but customer demand for its snacks and drinks continued to slip.

Dee-Ann Durbin | Associated Press
July 11, 2024
Business, Private

Costco Hikes Annual Membership Fee for First Time Since 2017

Costco Wholesale Corp. is boosting its basic membership fee for the first time since 2017, raising the charge to $65 a year from $60.

July 10, 2024