amazon

Dealers: Is it time to add a van line?

Amazon reported second-quarter revenue of more than $88 billion during its earnings call last week, a 40 percent increase over the same period last year. The company’s net income also grew to $5.2 billion, with sales up 43 percent in North America and 38 percent internationally during the second quarter.

Growing revenues for one of the world’s largest companies aren’t surprising — even during a global health crisis — but what was unique about Amazon’s most recent quarterly earnings report was how the company grew.

with coronavirous ravaging the globe and decimating brick-and-mortar retailers, in the second quarter Amazon’s online business started to catch up to its more profitable corporate counterparts.

What this means for the global giant I cannot say. What this means for the trucking industry is clear: Amazon is probably going to need more delivery vans.

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