DoorDash exceeds projections in Q1 earnings, stock rises after hours
DoorDash reported a 198% increase in Q1 revenue compared to Q1 2020, and a 219% increase in orders, although it still posted a negative 34-cent EPS.
Modern Shipper covers the gig economy, including same-day, on-demand, and last-mile delivery jobs and services. Readers will find current news on gig economy companies, gig economy workers, gig economy data and trends. In addition, Modern Shipper focuses on e-commerce, e-commerce platforms and companies, and e-commerce services and technologies.
DoorDash reported a 198% increase in Q1 revenue compared to Q1 2020, and a 219% increase in orders, although it still posted a negative 34-cent EPS.
Steel costs and availability could delay projects for the rest of the year, expert says.
Amazon planes are shuttling between more than 40 airports in the U.S. That translates into faster e-commerce deliveries by eliminating trucks.
PayPal is acquiring Happy Returns, a firm dedicated to improving the returns process for e-commerce orders.
ParcelLab’s platform takes in data on the ordered product but even includes weather and traffic updates to customize the delivery experience.
The staffing will be weighted toward the fulfillment and delivery centers, Amazon says.
Startup Curri is trying to apply gig economy principles to the building and materials industries. Its founders answered Modern Shipper’s questions.
ACERTUS will connect DrivrzXchange users to a network of preapproved, vetted carriers representing 20,000 tractor-trailers.
Ghost kitchen operator C3 is bringing its dining brands to brick-and-mortar locations with the launch of Citizens, a hybrid dining option offering in-person as well as pickup and delivery services.
Hypower Lab said its hydrogen fuel cell can power drones for more than three hours, increasing flight time and utility.
The use of legacy technology and the lack of real-time visibility continue to impact the ability of last-mile delivery providers to increase business, according to a Bringg report.
Rite Aid is adding same-day delivery of more than 24,000 items through DoorDash, joining competitors Walgreens and CVS in offering the service.
Sonic+ believes its super app is the key to lowering food costs and waste by connecting consumers directly with wholesalers.
How reverse logistics creates value for large-product retailers
Workhorse Group built 38 last-mile electric delivery vans in Q1 and revised its build to 1,000 trucks from 1,800 for the full year.
Vendoo’s technology allows resellers to list items on multiple marketplaces like eBay, The Real Real and Poshmark while streamlining the listing process.
Peloton stated it expects to incur $50 million in refund expenses from its treadmill recall. What will the logistics costs be?
The facility will be located about 8 miles from the Georgia Ports Authority’s Garden City Terminal.
Analysts are looking at various explanations for why the number of drivers today is lower than it was two years ago.
Growing e-commerce sales of large and bulky items is creating a logistics headache for items that must be returned. It is why retailers need to have a reverse logistics process in place.