M: Amazon eyes 51% stake in delivery company Ecom Express
MINT reports that Amazon is in talks to buy more than 51% in logistics unicorn Ecom ...
So Amazon is effectively being heavily subsidised – allowing it to buy cheap and sell cheap, while making a fortune. That will come as no surprise. But the amount is more shocking than the fact itself. According to this article, Citigroup analysis shows that Amazon underpays the US Postal Service (USPS) by $1.46 per parcel. That – along with the significant investments the USPS has had to make to ensure it can deliver for Amazon – has led to $60bn in losses since 2007, with a further $6bn loss slated for this year. As this writer concludes, in a fascinating article: “If you’re in a deal where you lose money and your partner profits wildly, maybe deal-making is not for you. When tax dollars are at stake — and they are, regardless of Postal Service protestations — we have an interest in assuring the deals the Postal Service makes, serve it and not the richest, or second-richest, man in the world.” Quite.
Maersk confident of contract integrity, as it builds $19bn M&A war-chest
Containership owners will no longer 'pull down their pants' for the charterers
Maersk buys Martin Bencher Group and launches global project logistics unit
Atlas Air execs eye millions in bonuses from Apollo consortium takeover
Shipping lines seem unfazed by Chinese 'war games' in Taiwan Strait
Maersk cuts import box dwell time at US ports to nine days
What's the future for Atlas Air as Apollo consortium takeover looms?
Despite a blip, North Europe container spot rates are still heading south
Comment on this article