Temu shifts focus from US – but air cargo still bullish on ecommerce
The net is tightening around China’s ecommerce platforms – the current drivers of air cargo. ...
SEEKING ALPHA reports:
Goldman Sachs is increasingly bullish on Amazon (NASDAQ:AMZN) despite some weak performance since the company’s early February earnings results.
In a sweeping note covering the internet space, the bank’s analysts suggested that concerns of an AWS slowdown are overwrought while e-commerce margins look as though they will improve into 2023. As such, the team said that Amazon is “now solidly our top pick for the remainder of 2023 from current trading levels.”
The potential for a shift in the trajectory of AWS growth is seen as a key catalyst into 2023. As the team’s long-term view of cloud computing is unchanged, the anticipated pivot for the segment is seen as a potential key tailwind in coming quarters.
The full post is here.
Canadian government invokes 'red tape rule' to prevent rail strike
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
East-west freight rates continue rise; even transatlantic edges up
Comment on this article