Instacart reportedly slashes internal valuation by 20% to $10B
For the fourth time this year, grocery delivery platform Instacart has cut its valuation, despite hints of an IPO.
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.
For the fourth time this year, grocery delivery platform Instacart has cut its valuation, despite hints of an IPO.
In yet another drone-related patent filing, Ford is looking at flying within aerial corridors above roads.
The e-commerce giant’s long-awaited drone delivery service finally got off the ground on Christmas Eve.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
A new survey of gig workers found that a majority have no plans to leave the industry, despite concerns of income stability and health benefits.
FedEx must convince stakeholders that it will stay the course on cost reductions.
The Warehouse Worker Protection Act is designed to provide transparency and worker protections to warehouse employees in the state of New York, which has seen several skirmishes over working conditions at Amazon facilities.
FedEx’s 2023 second-quarter results proved its ability to quickly slash costs but also showed the damage a demand slowdown is inflicting on its top line.
American Eagle’s logistics arm has partnered with JLL to open fulfillment centers with a rent-as-a-percentage-of-revenue payment model.
The Postal Service said it will double its EV investment from its July forecast.
An appellate court that will determine whether the Prop 22 gig worker vote in California is constitutional recently heard arguments.
Each carrier will come in below the other on certain services, but the net effect will be a wash, TransImpact says
Route-planning platform Circuit surveyed delivery drivers about their biggest pet peeves around the holidays.
Delivery management platform Locus has added a new option for retailers to better optimize last-mile delivery while optimizing capacity and business needs.
Walmart and DroneUp continued to expand their drone delivery footprint this week with launches in three new states.
Amazon has made the returns process easy and convenient for customers, but many retailers have yet to master the art of the return. Spencer Kieboom, founder of Pollen Returns, talks about the role technology can play in the process.
Amazon has shifted middle-mile parcel deliveries to UPS and last-mile deliveries to the U.S. Postal Service, Jindel says.
A tax code throat punch promises to make gig work and online selling as fun as a trip to the morgue and as profitable as the average Mega Millions ticket.
An analysis of supply chain job postings has found that, despite interest in automation technology, many companies are not seeking candidates with technological experience.
Building on partnerships with Motional, Serve Robotics and Nuro, Uber Eats announced a collaboration with self-driving vehicle maker Cartken.