Retailers downgrade outlook, as inflation and high inventories bite – The Loadstar

Posted by B2l Cargocare
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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 …
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