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  • Will investors look past Amazon's COVID-19 e-commerce costs?
    29 Jul 2020—reuters.com
    (Reuters) - Investors’ penchant for prioritizing growth over profit at Amazon.com Inc will be put to the test on Thursday, when investors absorb the impact of second-quarter pandemic-related costs that could top $4 billion. The world’s biggest e-retailer - a relatively rare high-growth investment thanks to its lucrative cloud computing business - is in a position to gobble up market share as virus-weary shoppers shift purchasing online and business shutdowns hammer store-based...
  • Kroger and Ocado to build first robotic warehouse in Cincinnati
    29 Jul 2020—marketscreener.com
    (Reuters) - Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with UK-based Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc in the small, but fast-growing online segment that accounts for anywhere from 1 percent to 4 percent o f the $800 billion U.S. grocery market. (Graphic: https://tmsnrt.rs/2LYQUUV In May, Kroger paid...
  • COVID-19 to weigh on U.S. seaport peak shipping season
    14 Aug 2020—oann.com
    LOS ANGELES (Reuters) – Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war, experts said. Total container imports could fall 9.4% in 2020, according to the National Retail Federation (NRF) and Hackett Associates’ Global Port Tracker report. That reflects pain in the U.S. retail sector, which is smarting from government-mandated...
  • UPS, FedEx warn they cannot carry ballots like U.S. Postal Service
    15 Aug 2020—inforum.com
    LOS ANGELES, Aug 14 (Reuters) - United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially "significant" delays. "State ballots must be postmarked to be considered valid and only the USPS has lawful postmarking status. Therefore UPS, FedEx and other private parties cannot technically be involved in shipping ballots," UPS told Reuters in a statement. "FedEx does accept...
  • Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal Service
    15 Aug 2020—reuters.com
    LOS ANGELES (Reuters) - United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially “significant” delays. “State ballots must be postmarked to be considered valid and only the USPS has lawful postmarking status. Therefore UPS, FedEx and other private parties cannot technically be involved in shipping ballots,” UPS told Reuters in a statement. “FedEx does accept...

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