tl;dr
Preeti Singh, SA News Editor Amazon (NASDAQ:AMZN) on Tuesday announced the rollout of its first electric trucks in ocean freight operations. The trucks are part of the ecommerce giant’s largest fleet of nearly 50 heavy-duty electric trucks. Amazon is using battery-electric Class 8 Volvo (OTCPK:VLVLY...
Preeti Singh, SA News Editor Amazon (NASDAQ:AMZN) on Tuesday announced the rollout of its first electric trucks in ocean freight operations. The trucks are part of the ecommerce giant’s largest fleet of nearly 50 heavy-duty electric trucks. Amazon is using battery-electric Class 8 Volvo (OTCPK:VLVLY) VNR Electric trucks with a range of up to 275 miles and a gross combination weight of 82,000lbs. The first drayage trucks have started operating at the ports of Los Angeles and Long Beach, with a dozen expected by the end of the year. They transport containers from the ports to an Amazon facility in Santa Fe Springs, California. Amazon (AMZN) said it has deployed 35 electric heavy-duty vehicles in its middle mile network in Southern California and installed over 45 DC fast chargers across 11 sites to power the trucks. The expanded electric truck base is part of the company’s push to achieve net-zero carbon emissions by 2040. It started running electric yard tractors in 2019 and now has over 140 moving trailers around our sites in the U.S. Amazon also has more than 13,500 custom electric delivery vans from Rivian (RIVN) across the country.
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1963725292000
Price: 52.86
Dividend Yield: None
P/E Ratio: 3.57
EPS: 57.13
ROE: 0.0638
Revenue: 590739997000
Net Income: 210.33
Debt to Equity: 2.167
Current Ratio: 0.125
More about Rivian Automotive Inc
Rivian Automotive Inc
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Revenue: $10,281,655,000
Net Income: -$5.74
EBITDA: $4.682
EPS: -$1.225
Market Cap: $4,434,000,000
PE Ratio: 16.84
Dividend Yield: 0%
Beta: 0.983
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