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Amazon To Launch Free One-Day Delivery to Prime Members in Brazil

Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) announced Wednesday it is rolling out free one-day delivery to Prime subscribers in 50 cities across Brazil, Latin America’s largest economy.

The offering, which is currently available to Prime members in certain markets across the US, Canada and UK, arrives two years after Amazon first introduced the service in Brazil.


UPS Launching Same Day Delivery Pilot Program

Kimberly Redmond | Equities.com |

United Parcel Service (UPS) is launching a pilot program to explore whether or not a same day delivery model is feasible for the company, according to The Wall Street Journal.

During an investor day webcast on Wednesday, UPS chief executive officer Carol Tomé said, “We don’t have a same day product today, as you know, and so we’re looking at it. We don’t have this all the way figured out, but we’ve got a team of people looking at it.”


Target Testing Faster Delivery Process for Online Orders

Kimberly Redmond | Equities.com |

Target Corporation (NYSE: TGT) is testing out a faster delivery approach in a bid to win more consumer spending from its speedier rivals, like Amazon.com Inc’s (Nasdaq: AMZN) Prime Now and Walmart Inc’s (NYSE: WMT) Express Delivery.

The new delivery concept for online orders – which Target said is being piloted in its hometown of Minneapolis – will be supported by three companies that the retail giant has acquired in recent years: Shipt, Grand Junction and Deliv.


Japan Post To Invest $1.4 Billion in Rakuten for 8% Stake

AP News | Equities.com |

Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.

Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%.

Japan Post Holdings President Hiroya Masuda said Friday that the deal brought together “the digital and the real.”


Amazon Testing New Electric Vans on Delivery Routes in Los Angeles

Kimberly Redmond | Equities.com |

Amazon.com Inc’s (Nasdaq: AMZN) new electric delivery vans will hit the road in more than a dozen cities in 2021.

On Wednesday, the e-commerce giant said the vehicles, which were custom-built by startup electric truck maker Rivian, are already being used to make deliveries to customers in Los Angeles.


Amazon Acquires 11 Boeing Planes To Boost Delivery Capabilities

Reuters | Equities.com |

Amazon.com Inc said on Tuesday it bought 11 Boeing 767-300 aircraft, as it looks to boost its delivery capabilities to cater to a surge in online orders.

The aircraft, including seven from Delta Air Lines and four from WestJet Airlines, will join Amazon's air cargo network by 2022, the online retailer said in a statement here.

In June, Amazon had leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group Inc, bringing its total fleet to more than 80.


FedEx Profit Nearly Doubles in Fiscal Q2 With Rate Hikes and Volume Spikes

Reuters | Equities.com |

U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.

Fiscal second quarter adjusted net income at FedEx jumped to $1.30 billion, or $4.83 per share, from $660 million, or $2.51 per share, a year earlier. Revenue grew 19% to $20.6 billion.

Shares in the Memphis-based company, which have almost doubled in value over that last 12 months, reversed 3.4% to $282.55 in after-market trading.


UPS Beats Estimates, But Acknowledged Margin Pressure From Deliveries

Reuters | Equities.com |

United Parcel Service Inc's quarterly profit beat expectations on Wednesday, but shares sank 5.5% as investors fretted over a margin squeeze from pandemic-fueled e-commerce deliveries.

The results from the world's largest delivery firm arrived as UPS, FedEx Corp and other major package carriers get an early start to a holiday shipping rush that is certain to stress networks already running at near capacity.

“While we expect this holiday season to have its challenges, we are ready to deliver a successful peak,” Chief Executive Officer Carol Tomé said on a conference call with analysts.


UPS To Offer Buyouts As Company Aims To Curb Costs , Be 'More Agile'

Reuters | Equities.com |

United Parcel Service Inc said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to curb costs at the delivery firm.

“Aligning our talent with the needs of our company and customers is critical to becoming a stronger, more agile UPS,” a company spokesperson said in a statement.

The Wall Street Journal had earlier reported workers would leave in two phases - by the end of 2020 and mid-2021.


FedEx Quarterly Profit of $1.25 Billion Beats Estimates Easily As Residential Deliveries Jump

AP News | Equities.com |

FedEx’s profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved.

The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx’s fiscal first quarter. That was up from $745 million a year earlier.

Its revenue rose to $19.32 billion, up 13% from $17.05 billion in last year’s quarter...


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