Afternoon Coffee: Amazon Sets Sights on Ocean Freight Market, Wal-Mart Closing Hundreds of Stores Kaitlyn McAvoy - January 15, 2016 12:11 PM | Categories: Afternoon Coffee | Tags: General News Amazon.com Inc’s Chinese affiliate Amazon China is hoping to enter the ocean freight industry. Amazon China registered with the U.S. Federal Maritime Commission to become a licensed ocean freight forwarder, which would give Amazon the ability to send packages by sea. Wal-Mart will start closing 269 stores in the U.S. and other countries like Puerto Rico and Brazil by the end of January. The stores closing represent less than 1 percent of the retailer’s global revenue. A new study shows 32% of online shoppers during the holiday season chose to pick up their purchase in a physical store. The study by the International Council of Shopping Centers also showed 56% of shoppers researched an item before they shopped at a store. Analysts expect 2016 to be a difficult year for the freight and logistics industry. Growth in freight volumes fell at the end of last year and cheaper fuel is causing companies to cut prices. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.