Amazon cancels Chinese orders and eyes US expansion
US consumers may find there is less choice come Christmas, after Amazon cancelled some orders ...
Amazon yesterday reported a Q2 net loss of $2bn, which it said was in part related to its investment in Rivian Automotive electric delivery vehicles. Net sales, meanwhile, increased 7% to $121.2 bn.
In an earnings call, which showed how wide the Amazon business reaches, there was little of note for the transport and logistics industry. Of the $60bn spent on capital investments, some $15bn went on transport, but no further details were available. CFO Brian Olsavsky said: “For the second quarter, ...
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