Morning Minute | May 2, 2025
Amazon beat expectations in its first-quarter earnings release, but company officials noted that global tariffs are looming over potential profits in upcoming quarters. First-quarter earnings per share were up 64% year over year to $1.59, with both EPS and revenue surpassing Wall Street expectations. Another round of layoffs has impacted several businesses across the freight industry, particularly in the Southeast. Companies like C&S Wholesale Services, Adient PLC, and Saks Global announced significant job cuts due to facility closures. The bipartisan SHIPS for America Act is back in…
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