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Amazon Faces Margin Pressure as NYC Backs Tough Delivery Protection Act

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • New York City's mayor is backing the Delivery Protection Act, threatening Amazon's last-mile logistics model by requiring warehouse licensing and direct courier hiring.
  • The legislation, along with millions in idling fines, poses operational headwinds and potential cost increases for Amazon across its key NYC distribution network.
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AMZN price history

245.96 +5.17% over the displayed period

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