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Even with the delivery boom that began in 2020, major food delivery services continue to operate at a loss. DoorDash recently reported its fourth consecutive quarter of losses, and Uber Eats and Grubhub also continue to incur losses. With grocery-first services such as Instacart, changing...
New York City’s decision to permanently cap the commission rates food delivery services can charge at 23 percent could take a bite out of companies like Grubhub, DoorDash and Uber, and possibly cost them hundreds of millions of dollars. Get the Full Story Complete...
Alphabet’s drone subsidiary Wing is closing in on 100,000 customer delivery flights after launching in Logan, Australia, almost two years ago, in addition to thousands of test flights, the company said in a blog post on Wednesday (Aug. 25). Get the Full Story Complete the...
Grocery store company Albertsons will be testing Instacart pilots in six major cities, including Dallas, Houston, Austin, Las Vegas, Phoenix and Denver, Supermarket News reported. The company said Tuesday (Aug. 24) it would be rolling out the features in 40 stores in those cities. Get...
California’s Proposition 22 ballot measure, which made it so rideshare and food delivery drivers could not be included in a state labor law, was ruled unconstitutional on Friday (Aug 20). Per this overturning, drivers for gig economy food delivery services such as DoorDash, Instacart and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Convenience store giant 7-Eleven and alcoholic beverage provider Minibar Delivery announced a collaboration that will let adult customers order beer, wine and snack foods for rapid home delivery. Under the arrangement, which is piloting in parts of Florida, Texas and Virginia, customers will be able...
Food delivery company Deliveroo finally returned to its IPO price (390 pence, or about $5.40), almost five months after the company struggled out of the gates in public trading in March, completing a surge of more than 70 percent since it bottomed out in April....
