Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon com : Washington state needs a transportation boost

09/23/2021 | 04:22pm EDT

Amazon supportsthe bipartisan trillion-dollar infrastructure proposal currently working its way through Congress because it will help modernize and decarbonize America's transportation system and keep our country competitive. Now it's time for Washington state to advance those same goals and complement federal funding through a statewide transportation investment package.

A new state investment in transportation will help accelerate the region's economic recovery. In fact, a studyby the Washington Roundtable found that transportation investments save businesses hundreds of millions of dollars per year in supply-chain costs, increase productivity, and enable freight mobility and port expansion that helps businesses grow exports and jobs. A transportation package will help keep Washington competitive by funding badly needed infrastructure programs, projects, and services that support affordable housing, better commutes, and improved quality of life for all. Valuable public assets like roads, bridges, ferries, and buses will benefit from investments in maintenance and preservation.

Fund commits $300 million to create 3,000 new affordable homes near public transit for families in the Puget Sound, Arlington, and Nashville regions.

A broad coalition of local governments, labor, environmental groups, and businesses, including Amazon, supports a state investment in transportation to sustain the region's economic development. Facebook, Google, and Microsoft are growing on the Eastside, and within the next few years Amazon will bring 25,000 new jobs to the Bellevue area. We're partnering with state and local governments to ensure this growth is responsible, sustainable, and positive for the broader community. We're building offices adjacent to light rail stations, investing in electric delivery vans, funding housing equity, providing free transit cards to our employees, and supporting commuter options like bus rapid transit and bike and walking trails. And Amazon is putting skin in the game with a new $7.5 million investmentto complete two key segments of the Eastrail project in Bellevue. But more state transportation funding is needed to reduce congestion, improve safety, grow jobs, and help address climate change.

It's not just roads and bridges that will reap the benefits of a state transportation package. Our endangered salmon will benefit from new culverts and stormwater projects. And we'll be able to take the next step on important investments in clean transportation like electric vehicles, electric ferries, and transit that particularly benefits low-income groups and communities of color who have been disproportionately impacted by climate change.

Governor Jay Inslee, legislative leadership, and the Chairs of the State Senate and House Transportation Committees understand that passing a package is necessary, and they have signaled their intent to call a special session in November. A federal infrastructure package would help alleviate some state budget pressures, but it would only complement and not replace a statewide package. However, parts of a state package have the potential to receive matching funds from the federal government, further increasing the positive impacts. The economic benefits are clear; through improved infrastructure, Washington state can spur jobs and long-term economic development. Lawmakers should convene a special session during the November legislative Committee Days to move it across the finish line.


Amazon.com Inc. published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 20:21:08 UTC.

ę Publicnow 2021
All news about AMAZON.COM, INC.
06:21aBlue Origin, Boeing plan 'business park' in space
05:03aU.S. billionaire tax proposal seems to unite Democrats - but will it work?
03:35aEU tech rules should curb cloud computing providers, study says
02:12aStocks rally in Asia, China property sector worries dampen sentiment
12:31aAMAZON COM : Web Service Unit To Host Classified Data Of British Spy Agencies
10/25Blue Origin, Boeing chart course for 'business park' in space
10/25AMAZON COM : signs deal with British spy agencies to boost use of AI for espionage -FT
10/25AMAZON COM : How to create the ultimate spooky smart home this Halloween
10/25Tech Stocks Hanging Onto Modest Gains, Supported by Chipmakers
10/25AMAZON COM : BofA Says Amazon Q3 Revenue to Match Consensus, Firm Lowers Q4 Estimates Amid..
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 005 M - -
Net cash 2021 57 270 M - -
P/E ratio 2021 63,6x
Yield 2021 -
Capitalization 1 682 B 1 682 B -
EV / Sales 2021 3,42x
EV / Sales 2022 2,82x
Nbr of Employees 1 298 000
Free-Float 82,5%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 49
Last Close Price 3 320,37 $
Average target price 4 178,90 $
Spread / Average Target 25,9%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.2.41%1 681 570
JD.COM, INC.-4.15%130 769
ETSY, INC.41.97%31 970
WAYFAIR INC.4.13%24 430
ALLEGRO.EU SA-42.54%12 554
ZOZO, INC.66.54%11 259