Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Amazon's Prime Day sees $6.4 billion in online spending in the first 24 hours, a 6% increase from last year, but falls short of growth predictions.
During Amazon's Prime Day, U.S. consumers spent $6.4 billion online within the first 24 hours, reflecting a 6% increase from the previous year. However, this fell short of estimates for stronger growth as shoppers sought bargains. This 48-hour event, in its ninth year, is designed to attract new customers and deepen existing customer relationships before the holiday season. As reported by Numerator, the average order size increased 7% from last year to $56.64. The best-selling categories included home goods and household essentials, and there was a nearly 20% rise in orders using buy now, pay later services.
Source: Transport Topics
Yet, as we already know, Amazon takes up to 15% of sales revenue. Therefore, any DTC brand running a deal on Prime Day, likely can't compete with themselves on their own website vs. their Amazon store this week.
— Kenny Hyder (@kennyhyder) July 13, 2023
Towns like Stockton, California, thrived with warehousing but now face challenges as the e-commerce demand recedes, shedding light on a nationwide concern.
Guest writer Michael Sachaj gives his expert insights into the Amazon Shipping relaunch and what it means for the e-commerce giant and competitors.
Revamped Amazon Shipping now serves a wider range of seller channels, leveraging its expansive delivery network.
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