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Deliveroo

Grocery delivery firm Buyk is planning to cease operations in Chicago and New York City after filing for Chapter 11 bankruptcy. Plus, Deliveroo continues to build out its ghost kitchen network, and FedEx discusses its future during its Q3 earnings call.

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    Data

    $20: Average per-order loss by quick commerce firms

    300+: Number of Deliveroo ghost kitchens opened through 2021

    40B: Number of packages FedEx expects to deliver every year

    153+: Number of countries where FedEx Ship Manager operates

    39: Number of locations Buyk operated before Chapter 11 bankruptcy filing