Amazon has obtained an ocean shipping licence in China

Amazon China

Amazon has obtained an ocean shipping licence in China, as the company expands its reach into logistics operations around the world. The new licence allows Amazon to buy and sell space on vessels, a potential step towards providing large-scale shipping services to companies that sell on Amazon.com… The Seattle-based technology company has been investing heavily in logistics, launching one-hour delivery in more than 20 cities last year and also testing an air cargo shipping programme in the US. Amazon… loses about $1 billion per quarter on shipping costs… Last year it purchased its first fleet of Amazon-branded truck trailers to help ferry goods between warehouses… Big retail companies in the US such as Walmart typically buy space directly from shipping lines, making Amazon the only major US retailer that has taken the unusual step of getting its own licence.

 

Leslie Hook

Food4Brains

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