Amazon is working with Brazil's CargoX for logistics pilot project: BBG

(Reuters) – Amazon.com Inc is working on a pilot logistics project in Brazil with Goldman Sachs-backed CargoX, Bloomberg reported on Thursday, citing people familiar with the matter.

FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo

The e-commerce giant is partnering with the Brazilian trucking startup to use bulletproof trucks for the delivery of high-value goods, including electronics, the report said.

Amazon, which is revving up operations in Latin Americaโ€™s largest economy six years after entering the market, said in August it will start selling sportswear and clothing on its Brazilian site, bolstering the list of products that third-party vendors offer on its local e-commerce marketplace.

Reuters reported in April Amazon was in talks with Brazilian airline Azul SA on shipping goods in the country, in attempts to overcome the nationโ€™s notorious logistical challenges, including shoddy roads, security problems and a national territory greater than the continental United States.

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CargoX and Amazon declined to comment.

Reporting by Bharath Manjesh in Bengaluru; Additional reporting by Alberto Alerigi and Gabriela Mello in Sao Paulo

Our Standards:The Thomson Reuters Trust Principles.
source: reuters.com


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