×
68 304
Fashion Jobs
ESTÉE LAUDER
Director Business Development Travel Retail Worldwide
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetic Company Store - 20 Hrs - Franklin Mills Outlet - Franklin Mills ,PA
Permanent · Philadelphia
ESTÉE LAUDER
Executive Director Finance & Strategy, Tom Ford Beauty
Permanent · New York
ESTÉE LAUDER
Senior Manager, Business Analyst
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetic Company Store - 20 Hrs - Desert Hills Premium Outlet - Cabazon ,ca
Permanent · Cabazon
ESTÉE LAUDER
Manager, Global Ecommerce la Mer
Permanent · New York
ESTÉE LAUDER
Manager, Creative Operations, Promotions & Fragrance - Estee Lauder
Permanent · New York
ESTÉE LAUDER
Manager, Online & Brand Technology Procurement
Permanent · New York
ESTÉE LAUDER
Manager, Wholesale Replenishment, na
Permanent · Melville
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 35 Hrs - Prime Outlets at Edinburg - Edinburg,in
Permanent · Edinburgh
ESTÉE LAUDER
Associate Design Director, Image, Mac
Permanent · New York
ESTÉE LAUDER
Manager, Site Maintenance & Special Projects - Origins
Permanent · New York
ESTÉE LAUDER
Analyst, Treasury – Banking Retail
Permanent · Melville
ESTÉE LAUDER
Keyholder - Cosmetic Company Store - 20 Hrs - Prime Outlets at Gaffney - Gaffney, sc
Permanent · Gaffney
ESTÉE LAUDER
Vice President, Global Workforce Analytics
Permanent · New York
ESTÉE LAUDER
Director , Indirect Procurement - HR Services
Permanent · New York
OLD NAVY
Asset Protection Service Representative - Promenade @ Natomas
Permanent · Sacramento
OLD NAVY
Asset Protection Service Representative - Park West Place
Permanent · Stockton
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Soho
Permanent · New York
BLOOMINGDALE'S
Asset Protection Detective, Full Time - King of Prussia
Permanent · King of Prussia
MACY'S
Asset Protection Detective, Center City - Flex
Permanent · Philadelphia
MACY'S
Asset Protection Detective, ft Myers - Full Time
Permanent · Fort Myers
By
Reuters API
Published
May 1, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon's nascent freight service has a truckload of rivals

By
Reuters API
Published
May 1, 2019

As Amazon.com Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos.


The company - which is investing billions of dollars to build an air, sea and land shipping network to contain its own costs - has never been shy about squeezing the companies it seeks to unseat - Reuters


The world's biggest retailer made a splash in truck brokerage circles after Freight Waves reported on Friday that Amazon's service, launched in a handful of Northeastern states last summer, was discounting market rates by as much as one-third.

"The analysis suggesting dramatic undercutting of pricing is false," Amazon said in a statement.

The company - which is investing billions of dollars to build an air, sea and land shipping network to contain its own costs - has never been shy about squeezing the companies it seeks to unseat.

Analysts said its fight for a slice of the more than $700 billion (536.8 billion pounds) U.S. companies spend on trucking each year could pose a long-term threat to leading truck brokers like C.H. Robinson Worldwide and United Parcel Service.

But, they added, that could be offset by Amazon's penchant for competing with the companies that sell on its site or pay for its services.

"Not all customers will be looking to turn over their confidential supply chain data to Amazon, particularly larger players in the retail and consumer products businesses," Cowen & Co analyst Jason Seidl said in a note.

Investors are betting that technology can transform the fragmented truck brokerage business that ran for decades on personal relationships and telephone calls.

They've poured millions of dollars into startups like Uber, Transfix and Convoy - the latter of which raised nearly $270 million from Bezos and other backers.

Anheuser-Busch InBev, Colgate-Palmolive Co and other companies have kicked the tires on those upstarts, which aim to dominate by building a massive network of shippers and drivers.

Three shippers, who spoke on the condition of anonymity, said Uber Freight is pricing aggressively as it fights for a foothold and its parent Uber Technologies racks up massive losses.

David Uncapher, Owens Corning's director of global transportation until late last year, said Convoy's prices were 5 to 15 percent lower than the company's other brokers, which had far greater geographic reach.

Amazon declined to comment on Convoy, which did not immediately respond to a request for comment.

Skeptics said startups don't have a lock on new technology and noted that Coyote Logistics, the truck brokerage UPS bought for $1.8 billion in 2015, did a better-than-expected job of holding down the delivery company's costs during the 2018 holiday shipping surge.

© Thomson Reuters 2022 All rights reserved.