Two years after acquiring a majority stake in the firm, Alibaba plans an additional investment of roughly $3.33 billion in logistics affiliate Cainiao to increase its equity stake from 51 percent to 63 percent. The company would subscribe Cainiao shares that are newly issued and...
USA Technologies (USAT), a cashless payments and software services company for the self-service retail market, has announced upgrades to its Seed Delivery software. The software enables office coffee delivery businesses to get rid of paper-based invoices and replace them with iPads — as well as...
Fresh food is one of those products that, depending on the context, can almost feel like a minor luxury. Sure, consumers who can get to good grocery stores or farmers’ markets (not all shoppers can) or afford to subscribe to meal-kit delivery services, are assured...
Warehouse club Costco is partnering with delivery firm Instacart to launch a prescription delivery pilot program in California and Washington, CNBC reported on Wednesday (Nov. 6). The program offers one-hour, free delivery of prescriptions over $35 to Costco members at their home or office. For...
UPS on Tuesday (Nov. 5) announced that its drone delivery subsidiary, UPS Flight Forward (UPSFF), has completed the first residential drone deliveries to consumers of CVS prescription medications. The Friday (Nov. 1) drone deliveries were to a CVS customer’s home and to a different customer...
More than 30 members of the New York City Council sent a letter to Grubhub about phone calls that didn’t result in orders but did result in charges, according to a report by The New York Times. The letter was sent to Matt Maloney, Grubhub’s...
Uber Freight is rolling out to Canada after bringing its technology to European customers across the Netherlands and Germany earlier this year, the company announced in a blog post on Wednesday (Oct. 30). Uber Freight is managing loads in Ontario and Quebec domestically and across...
The self-driving future is not exactly here yet, but it’s coming quickly, at least based on some of the most recent moves in this space – a space that will impact payments and commerce much more as time goes on. The latest news comes from...
Alphabet recently held a secret, closed-door meeting with shipping companies like FedEx during what it called the Alphabet Advanced Logistics Summit, according to a report by CNBC. The purpose of the meeting was to talk about potential investments in the field, and new strategies regarding...
