Plus: LA aims to tax Uber and Lyft; Best Buy’s 4Q gains electrify and pizza chains tap into food delivery
Hong Kong-based Lalamove promises same-day deliveries in under an hour. The company has just closed a $300 million round of funding to expand its geographic footprint further.
From Uber’s diversification to the promise of improved trade between the U.S. and China to how we prepare for changing markets and industry models. All this and more in today’s headlines.
Uber announced its fourth quarter earnings yesterday, with the results showing its market dominance in the cab-hailing segment and its extensive investment across different niche verticals it has expanded into recently.
There are currently about 30,000 carriers on the Uber Freight network, according to the company. That number is expected to continue to grow.
Pronto built a high-performing Level 2 solution for commercial vehicles with dynamic throttling, braking, and steering.
Bergevin, Cristol, and Stauffer want to attack fundamental problems affecting the whole supply chain beyond truckload arbitrage.
Postmates Inc., an on-demand food delivery service, confidentially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
KeepTruckin recently nabbed the talents of Jairam Ranganathan, formerly Uber’s senior director of product.
Gig economy companies contend with Supreme Court ruling that mandates full time workers to be considered as employees and not contractors; oil supply reduces after Saudi Arabia’s drastic production cut; government shutdown strains supply chains across the country.
The MOBi-ONE is large enough to move washers and dryers, and do so autonomously through the air, perhaps redefining last-mile drone delivery before it even gets started.
Off late, electric scooter company Lime has been in the news for the wrong reasons. Batteries burning up, bike vandalism, fragile bikes breaking down, and the latest – abrupt braking issues.
Proposed bill would exempt electric scooters from requiring brake lights and turn signals; oil prices drop 1 percent over U.S.-China trade talks; CES2019 is showcasing the future of transportation.
Bell Flight wants to introduce autonomous air taxis in 2020.
Ride hailing companies are expanding services across various verticals like electric vehicles and autonomous driving cars, as growth of regular users in the cab hailing market seems to stagnate.
European Commission lays out ground rules and a regulation relaxations post-Brexit; Uber loses latest legal bid over driver rights; European Union announces a 37.5% reduction in CO2 emissions by 2030.
Labor continues to rumble in warehousing sector; Autonomous truck demos one thing, but roadworthy vehicle is another.
Uber and Lyft are battling on who would go public first; oil production sees a dip in November; Amazon Go to venture into airport retail.
Investors are pumping millions into on-demand transit startups working in taxi-hailing and e-scooter sharing, but questions still remain if they can turn in positive bottom lines in the years to come.
At MarketWaves18, FreightWaves announced the Freight.Tech 25, the industry’s list of the most innovative and disruptive companies in transportation and logistics: Uber Freight took the sixth position.
