E-commerce giant Amazon reported better-than-expected earnings and revenue for the first-quarter, driven by tweaks in its logistics operations, as well as growth in its advertising and cloud computing units, according to Amazon CEO Andy Jassy. “Delivery speed really matters to customers and we’ve continued to get faster while improving our safety performance,” Jassy said during…
Werner Enterprises said Tuesday the end of the downcycle appears to be getting closer. With a first quarter marked by inclement weather and higher insurance expenses in the rearview, it expects normal seasonal trends to take hold the rest of the year. Werner (NASDAQ: WERN) reported first-quarter net income of $6.3 million compared to $35.2…
WASHINGTON — Lawmakers officially kicked off efforts to mitigate — if not derail — the Biden administration’s latest push to electrify the trucking industry during a hearing on Capitol Hill designed to spotlight challenges to powering up an electric grid capable of meeting the zero-emission timeline unveiled by federal regulators in late March. The hearing…
U.S. Customs and Border Protection officers at two California ports seized some 2,300 baby and children’s products that authorities say violated child safety standards. Officers with the Los Angeles and Long Beach Seaport’s Merchandise Enforcement Team intercepted four shipments from China in late January and early February, where they discovered “suspicious” items concealed in legitimate…
Air France-KLM Group said Tuesday that the bungled rollout of a new cargo IT system in March contributed to lower revenues during the first quarter, which in turn acted as a drag on earnings for the corporation. The joint venture reported cargo revenues fell 16.5% year over year to 562 million euros ($602.3 million) even…