One of America's biggest trucking companies says it will lose out on $600 million in earnings this year and hinting Amazon is to blame

The estimated loss of Amazon's business slashed XPO's 2019 revenue expectations by $600 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon, GM in talks to invest in electric pickup truck maker Rivian: sourcesAmazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive...
Read more »

Amazon, GM may buy into electric truck startup: sources - Reuters TVAmazon and General Motors are in talks to invest in Tesla rival Rivian in a deal that would value the U.S. electric pickup truck manufacturer at between $1 blillion and $2 billion, sources tell Reuters.
Read more »

An electric truck startup, Rivian, could get $2B from Amazon, GM, report saysThis electric pickup company has been called Tesla's worst nightmare: It could get billions from Amazon, GM
Read more »

Electric truck start-up Rivian announces $700 million investment round led by Amazon
Read more »

Analysis | Amazon, Bank of America and Facebook are under pressure to reveal their median gender pay gapThe new shareholder proposals are urging companies to disclose an unfiltered — and probably unflattering — statistic about discrepancies in pay between male and female employees.
Read more »

Walmart is rebranding itself as the most trusted company in America as Amazon increasingly becomes a villainAmid a decade-long era of heady corporate profits, vast numbers of workers feel untethered, distrustful and without a sense of belonging and dignity.
Read more »