FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit. The company’s Freight unit, which is the largest operator in the less-than-truckload (LTL) sector, could bring a windfall to FedEx shareholders if it...
FedEx saw its volume continue to stabilize during the quarter ending May 31 after experiencing year-over-year declines. In May, its FedEx Express U.S. domestic package volume was down 1% year over year, while its FedEx Ground was up 1%, its FedEx Express international export was...
When gig workers in Seattle won higher wages, delivery apps like DoorDash hiked their fees. Now, The Wall Street Journal (WSJ) reported Saturday (June 22), those companies are dealing with irate customers, a drop in restaurant orders, and a dearth of drivers. According to the...
With the high labor costs of delivery, smaller merchants are struggling to find ways to compete on convenience without excessively compromising their margins and without alienating customers. National Retail Solutions (NRS), a point-of-sale (POS) company providing systems geared toward independent retailers, said Thursday (June 6)...
DoorDash is introducing retail media solutions as it expands its alcohol delivery service. The company is expanding its alcohol delivery partnerships with several retailers, including select Food Lion, Giant Food and Stop & Shop locations, according to a Tuesday (June 11) press release. “In 2023,...
Walmart is now offering an additional 10 million households the opportunity to have groceries and everyday essentials delivered to their doorstep, garage or kitchen. The retailer’s InHome delivery service has been expanded to include Boston, Detroit, Minneapolis, Philadelphia and three California cities: San Bernardino, Riverside...
Amazon Prime Air has been granted approval by the Federal Aviation Administration (FAA) to expand its drone delivery operations. This approval allows Prime Air to scale its operations to more locations in the United States, bringing the company closer to its goal of delivering packages...
Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded U.S./European delivery apps — DoorDash, Delivery Hero, Just Eat Takeaway and Deliveroo — are trading...
Instacart has teamed with Uber to offer its customers restaurant deliveries via Uber Eats. The collaboration, announced Tuesday (May 7) and due to roll out in the weeks ahead, lets Instacart customers order from a wide range of restaurants using a new “Restaurants” tab on the company’s app. “Through this...
