The seemingly insatiable appetite of US consumers for online shopping is powering Amazon to new heights.
The e-commerce giant reported a 37% jump in revenue for the third quarter, to $96.1bn, with operating income soaring to $6.2bn, up 93.7% year on year, while net income shot up 200% to $6.3bn.
And parcel firms riding the e-commerce wave are also showing strong balance sheets.
UPS, which reported its latest quarterly figures on Wednesday, trumpeted …
The post ‘Shipageddon’: US delivery firms set to be overwhelmed by Xmas demand appeared first on The Loadstar.
Source: The Loadstar