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Posts Tagged ‘shipping’

The Panama Canal: The world’s most interesting ditch

For more than a century, the Panama Canal has helped move **** by ship around the world. It's acted as a pinch point in international diplomacy, made vast sums of money off of the vessels that pass through it and, is so important to some shipping routes that many cargo vessels are designed specifically to ...

Walmart announces next-day delivery on 200K+ items in select markets

This month, Amazon announced it’s investing $800 million in its warehouses and delivery infrastructure in order to double the speed of Prime shipping by reducing it to only one day. Now Walmart is following suit with a one-day shipping announcement of its own. The rival retailer says it will begin to offer free, NextDay delivery ...

Amazon is pushing for one-day Prime shipping

Yesterday Amazon managed to beat out Wall Street’s already optimistic expectations with another record quarterly revenue. In amongst its victory laps, the company announced intentions to shift its free two-day Prime shipping to one-day. The move has been a holy grail for the company, which has already pushed parcel services and its own fulfillment centers ...

Logistics startup Zencargo raises $20M to take on the antiquated business of freight forwarding

Move over, Flexport. There is another player looking to make waves in the huge and messy business of freight logistics. Zencargo — a London startup that has built a platform that uses machine learning and other new technology to rethink how large shipping companies and their customers manage and move cargo, or freight forwarding as ...

Walmart’s U.S. e-commerce sales up 43% in Q4, thanks to growing online grocery business

Walmart this morning posted strong holiday sales growth for its holiday quarter, with U.S. sales up 4.2 percent over the same time last year, and a 43 percent rise in Walmart’s U.S. e-commerce sales. The retailer topped analyst expectations, with $138.8 billion in revenue for the quarter, just ahead of the forecasted $138.76 billion; and ...