trending Market Intelligence /marketintelligence/en/news-insights/trending/zVKlFs9krEdQXi6DpxTNYg2 content esgSubNav
In This List

Report: Amazon starts managing ocean freight


MediaTalk | Episode 26: Video game industry growth softens amid post-pandemic hurdles


Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future


Silver-anniversary Black Hat Conference tackles the 'super empowered' individual


Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Report: Amazon starts managing ocean freight Inc. has been managing shipments to its U.S. warehouses by ocean from Chinese merchants since October 2016, The Wall Street Journal reported Jan. 25.

According to shipping documents collected at ports of entry that were compiled by Ocean Audit, the online retailer has managed nearly 150 containers of goods from China. Amazon has also been posting rates at Distribution-Publications Inc. for new services such as sorting, labeling and trucking shipments under the name of its Chinese subsidiary, Beijing Century Joyo Courier Service Co.

According to the report, the company intends to lease 40 cargo jets and also acquired branded semi-trailers.