Politics 

How Amazon Makes One-Day Shipping Happen For Prime Day

Prime Day, Amazon's biggest shopping event, is here, and now one-day shipping is the norm for tens of millions of items available during Amazon's Prime Day event, which runs from July 15 to July 16. To succeed at this rapid delivery, Amazon spends tens of billions of dollars every year and employs 250,000 workers in its U.S. warehouses. The process is an incredible challenge, and Amazon has faced criticism about working conditions at every step of the process. Watch the video to see what happens when you buy a Prime-eligible item on Amazon.com. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe…
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Politics 

The Business Of Amazon Shipping Boxes

Cardboard boxes are a really big deal in the U.S. Amazon alone shipped over 5 billion packages through Prime in 2017. But as Amazon moves to plastic mailers and paper mailers the corrugated box market is bracing for the fallout. There are other players in the space but today the four big cardboard box manufacturers that dominate the market are International Paper, WestRock, Packaging Corporation of America and Georgia-Pacific. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and…
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Politics 

What It’s Like To Be An Amazon Flex Delivery Driver

Amazon has offered free two-day shipping for Prime members since 2005. As Amazon rolls out a one-day shipping guarantee for its 100 million Prime members, Amazon Flex drivers help solve the company's last mile problem. CNBC spoke to these on-demand contract workers all over the country to find out what it's really like to deliver for Amazon. Watch the video to hear about the pay, pace of work, and how Amazon Flex works. Is Amazon Prime worth it? For many members, free shipping is a key Amazon Prime benefit that factors into their decision to pay $119 per year for…
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Politics 

Why The US Has No High-Speed Rail

China has the world’s fastest and largest high-speed rail network — more than 19,000 miles, the vast majority of which was built in the past decade. Japan’s bullet trains can reach nearly 200 miles per hour and date to the 1960s. They have moved more than 9 billion people without a single passenger causality. casualty France began service of the high-speed TGV train in 1981 and the rest of Europe quickly followed. But the U.S. has no true high-speed trains, aside from sections of Amtrak’s Acela line in the Northeast Corridor. The Acela can reach 150 mph for only 34…
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Politics 

Why The Banana Business Of Chiquita And Dole Is At Risk

A deadly fungus is spreading from Southeast Asia and wiping out whole plantations of America's favorite fruit: the banana. The tropical fruit's popularity is thanks to a few pioneering entrepreneurs, who founded Chiquita under a different name over a century ago. Now, the business they built is at risk of decimation if the fungus reaches Latin America, the source of 97% of the U.S.' banana imports. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows,…
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Politics 

Why Americans Love Taco Bell

Taco Bell is huge in the United States. It has been ranked as one of the top five fast-food chains in the country, based on sales. Despite the brand's popularity, Taco Bell has been dealing with upheaval in its C-suite. With more than 6,500 locations across the country, Taco Bell is one of the top fast-food chains in the U.S. It is not necessarily known for its quality, but a recent Harris Poll anointed it "America's favorite Mexican restaurant." Much of Taco Bell's recent innovation was initiated under the watch of former CEO, Brian Niccol. But in 2018, Niccol left…
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Politics 

How Amazon Paid $0 Federal Income Tax in 2018

Amazon paid $0 in federal income taxes in 2018. On top of that, the company also received a multi-million dollar tax rebate from the federal government. How does the company do it? President Trump's tax cuts, aggressive revenue reinvestment, years of R&D, and employee stock compensation all helped. Does America have a corporate income tax problem? Amazon is one of the world's most valuable companies, valued at nearly $800 billion, and the e-commerce giant pulled in $232.9 billion in global revenue in 2018. And yet, Amazon's federal tax bill this year: $0. For the second year in a row. In…
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