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09
Oct
2018
Amazon, Trucking Startup CargoX Team On Brazilian Logistics

Amazon, Trucking Startup CargoX Team On Brazilian Logistics

09 Oct 2018

Amazon is partnering with startup CargoX on a pilot program that will use bulletproof trucks for the delivery of expensive goods in Brazil.

Bloomberg cited a source who revealed that the eCommerce giant is working on the logistics project with Goldman Sachs-backed CargoX, which connects truckers with companies requiring their services. As of June, it had about 7,000 drivers registered.

After selling books in Brazil for five years, Amazon finally launched an electronics and household appliances marketplace there a year ago. MercadoLibre currently holds the top spot in the eCommerce market in Brazil, while Amazon.com.br is at No. 11 behind companies including B2W Cia Digital, Magazine Luiza SA and Alibaba’s Aliexpress.

Source: https://www.pymnts.com/amazon-delivery/2018/trucking-startup-cargox-brazil-logistics/

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