Home / Metal News / Aluminium / Alcoa Corp. Beats Revenue Estimates; Amazon Will Now Ship From China
Alcoa Corp. Beats Revenue Estimates; Amazon Will Now Ship From China
Feb 3,2017 10:46CST
industry news
Alcoa Corp. reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices.

by Jeff Yoders on JANUARY 26, 2017

Alcoa Corp. reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices.

The producer of aluminum, alumina and bauxite also said it expects a 4% growth in global aluminum demand in 2017 even as the market remains modestly oversupplied.

Amazon.com Inc. is taking to the high seas.

The online retail giant has begun handling shipment of goods by ocean to its U.S. warehouses from Chinese merchants selling on its site — taking on a role it previously left to global freight-transportation companies, the Wall Street Journal reported.

The move marks Amazon’s latest step in a multiyear effort to build out its delivery business. The company doesn’t own or operate ships, but is openly acting as a global freight forwarder and third-party logistics provider, categories of companies that book space on ocean vessels and truck goods between ports and warehouses.

Commodities
 Company News
 Global Trade
 Metal Prices
 Non-Ferrous Metals

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news