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Amazon carbon output rises 15% as sales grow

Amazon said Tuesday that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment.

The online shopping giant said it emitted 51.17 million metric tons of carbon dioxide last year, the equivalent of 13 coal burning power plants running for a year. That's up from 2018, when it emitted 44.4 million metric tons of carbon dioxide. Amazon disclosed its carbon footprint for the first time last year after employees pressured the company to do more to combat climate change.

Amazon said that while its carbon footprint grew, the amount of carbon it emitted for every dollar spent on the site fell 5% between 2018 and 2019.

The Seattle-based company also said it's on track to have 100% of its energy use come from solar panels, wind turbines and other renewable energy by 2025, five years earlier than it had planned.

But the increase in its carbon foot shows how tricky it is for a rapidly growing company like Amazon to cut down on pollution. Amazon depends on fuel-guzzling planes and trucks to ship billions of items a year around the world. Emissions from fossil fuels rose 18% last year, Amazon said Tuesday.

 

Delta to restart Detroit, more Atlanta service

Delta Air Lines will resume nonstop service from Chattanooga Metropolitan Airport to Detroit beginning Saturday, Aug. 1, as flights start to rebuild in the wake of the coronavirus outbreak.

Delta also is adding more flights from Chattanooga to Atlanta in July and August, bringing the total count of Atlanta departures to eight beginning Aug. 1, according to the airport.

Chattanooga Airport officials anticipate even more flights will be added to the schedule in the coming months.

"We are very encouraged by the return of this [Detroit] flight and appreciate Delta's ongoing commitment to Chattanooga travelers," said Terry Hart, president and CEO at the airport. "We look forward to welcoming travelers to the Chattanooga Airport as we continue to move forward."

Airport officials said earlier this month that United Airlines is cutting service at the airport starting in early July and lasting at least through September.

 

Kenco adds facility to handle e-commerce

Chattanooga-based Kenco Logistics on Tuesday announced the opening of a new e-commerce fulfillment and distribution facility in Jeffersonville, Indiana.

The 250,000-square-foot space is designed to serve e-commerce merchants as well as business-to-business customers and is scalable to over 660,000 square feet, the company said.

The opening of the Jeffersonville site is the latest step in Kenco's ongoing strategy to provide robust solutions to serve the growing demand of e-commerce merchants.

"With the impact of the COVID-19 pandemic, many merchants have turned to online sales due to mandates limiting or preventing in-person retail transactions," said Dan Coll, vice president of e-commerce fulfillment at Kenco. "Although we anticipated e-commerce sales to continue to rise over time, the pandemic has created an immediate spike. The situation places further strain on mid-size companies that have faced challenges in their internal or outsourced e-commerce fulfillment operation as online customers are still looking for fast and free delivery."

 

New home sales up 16% in May

Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity in the housing market.

The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 676,000 last month.

That was a much better performance than expected. Many economists had forecast that sales would fall in May.

The new home sales numbers come just one day after the U.S. reported a 9.7% plunge in May sales of existing homes to an annual rate of 3.91 million, the slowest pace in nearly a decade.

There are hopes that the housing slump that occurred with the virus shutdowns could be coming to an end, though the millions of jobs lost to the pandemic could impede any rebound.

 

Ex-CEO of Wirecard arrested in scandal

German prosecutors say the former CEO of financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances.

The arrest is part of an accounting scandal that centers on a missing 1.9 billion euros, or $2.1 billion. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money. On Monday, Wirecard said it had concluded that the money probably doesn't exist.

Prosecutors said Tuesday that a court issued an arrest warrant shortly afterward and Braun turned himself in on Monday evening. A judge on Tuesday ordered him released on conditions that include a bail of 5 million euros, or $5.7 million.

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