Strengthens carrier partnerships with Better Trucks: For many years, the conventional wisdom in retail shipping has been to rely on in-house assets or a single large carrier, such as FedEx or UPS, to complete deliveries. But not any longer. Retailers are beginning to adopt a multicarrier strategy. Sellers can avoid...
XPO claims that it is “not sacrificing price to buy volume”.
Not sacrificing price to buy volume: On a conference call with analysts on Thursday, less-than-truckload carrier XPO stated that it will not sacrifice yield to gain market share. During the fourth quarter, the company reported a 1% year-over-year (y/y) increase in tonnage compared to LTL peers who saw volumes decline...
Amazon’s fourth-quarter revenue exceeds expectations, but earnings per share fall.
Amazon.com Inc. reported fourth-quarter diluted earnings of 3 cents per share late Thursday, falling short of analysts' consensus of 17 cents per share and a long way from the $1.39-per-share level of the fourth quarter of 2021. Sales increased by 9% to $149.2 billion, exceeding analysts' expectations. Amazon said that...