Amazon beat expectations in its first-quarter earnings release⁠, but company officials noted that global tariffs are looming over potential profits in upcoming quarters. First-quarter earnings per share were up 64% year over year to $1.59, with both EPS and revenue surpassing Wall Street expectations. 

Another round of ⁠layoffs has impacted several businesses across the freight industry⁠, particularly in the Southeast. Companies like C&S Wholesale Services, Adient PLC, and Saks Global announced significant job cuts due to facility closures. 

The ⁠bipartisan SHIPS for America Act⁠ is back in front of Congress, aiming to revitalize the domestic maritime industry. This legislation calls for funding to support the build of a fleet of 250 US flag cargo vessels and includes provisions like increasing cargo preference for US government cargo. 

Tune in today for the final ⁠What the Truck?!?⁠ episode of the week at noon with Tim Dooner. Also, nominations for the FreightWaves fraud fighters award are ending tomorrow, so be sure to get those in at ⁠live.freightwaves.com⁠. While you're there, register for the Freight Fraud Symposium happening in Dallas, Texas, in just two weeks.

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