doordash

Could COVID vaccines kill food delivery service growth?

While DoorDash (NYSE: DASH) reported new quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and market share, some analysts were not convinced of the value the company provides moving forward.

It’s likely not only a DoorDash problem but rather a food delivery problem in a market that has accelerated because of COVID-19 pandemic-related restaurant restrictions.

“This past quarter showed phenomenal top-line growth and the company...

https://s29755.pcdn.co/news/could-covid-vaccines-kill-food-delivery-service-growth

In first earnings as public company, DoorDash beats revenue forecasts

In its first official earnings announcement since it went public in December, DoorDash (NYSE: DASH) reported new quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and market share. But its quarterly loss more than doubled over Q4 2019.

The food delivery company reported 226% growth in revenue to $970 million in Q4 over 2019’s Q4 results, and 233% growth year-over-year in total orders to $273 million. Its Marketplace gross order...

https://s29755.pcdn.co/news/doordash-releases-q4-earnings

What happened to gig workers in 2020? Gridwise report tells the story

Gig economy drivers took a big hit when the nation shut down because of COVID-19 in early 2020, but many have bounced back, and some have even thrived, according to a report from Gridwise, a rideshare and delivery assistance company.

Ryan Green, co-founder and CEO of Gridwise, told Modern Shipper that the supply of gig drivers is still about 40% below where it needs to be at this point.

“From the supply of drivers as soon as the pandemic came in March, by April we saw a 65% decline in drivers for...

https://www.freightwaves.com/news/what-happened-to-gig-workers-in-2020?-gridwise-report-tells-the-story

Ghost kitchens accepted into college

Chartwells adding ghost kitchens to college campuses

Ghost kitchens have become the default way to profitability for many restaurants that faced extinction because of COVID-19 restrictions on in-person dining. They drew in both established restaurants as well as a bevy of startups looking to capture the hot meal delivery market.

On college campuses, many dining halls do not allow students to leave the facility with food. That could be changing as Chartwells, one of the largest operators of college campus dining halls, is rolling out ghost kitchens...

https://s29755.pcdn.co/news/ghost-kitchens-accepted-into-college

The Daily Dash: Diesel prices rising; Postal Service revamp

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, fuel prices are on the rise as cold weather drives up the cost of all fuels. Plus, a restructuring for the U.S. Postal Service could be on the horizon; Forward Air’s CIO talks about the cyberattack that hit the company in December; and TFI discusses the UPS Freight acquisition.

Going up: Fuel prices on the rise

Cold weather across the country is boosting the price of heating oil, and there is now a...

https://www.freightwaves.com/news/the-daily-dash-diesel-prices-rising-postal-service-revamp

DoorDash buys salad-making robotics company Chowbotics

DoorDash buys salad-making robotics company Chowbotics

DoorDash (NYSE: DASH) has acquired Chowbotics, a salad-making robotics company based in Hayward, California. Terms were not disclosed.

Chowbotics uses an advanced robot called Sally to perform meal prep, primarily salads. Founded in 2014, Chowbotics has raised $20.8 million in funding across five funding rounds. Techstars and Geekdom Fund have served as lead investors.

The company offers a mobile app that debuted in 2020 to allow for contactless ordering. Users can browse the menu and place an...

https://www.freightwaves.com/news/doordash-buys-salad-making-robotics-company-chowbotics

New coalition backed by gig companies pushes continued independence of workers

As the battle for worker classification for app-based drivers rages around the country, a new organization in New Jersey has formed to advocate for the workers.

The New Jersey Coalition for Independent Work was announced on Tuesday for the purposes of advocating for and protecting the continued independence and flexibility of app-based workers in the gig economy.

The group’s initial membership includes app-based companies DoorDash (NYSE: DASH), Instacart, Lyft (NASDAQ: LYFT), Postmates and Uber (N...

https://www.freightwaves.com/news/new-coalition-backed-by-gig-companies-pushes-continued-independence-of-workers

DoorDash accused of steering customers away from nonparticipating restaurants

DoorDash sued by St. Louis Asian fusion restaurant

Does DoorDash (NYSE: DASH) set up fake landing pages for restaurants in an effort to steer customers to preferred restaurants? That is the basis of a potential class action lawsuit filed by Lona’s Lil Eats, a St. Louis Asian fusion restaurant.

The suit, originally filed in September in the United States District Court for the Northern District of California, where DoorDash is based, alleges DoorDash posted a Lona’s landing page on its app, even though the restaurant had no existing relationship...

https://www.freightwaves.com/news/doordash-accused-of-steering-customers-away-from-nonparticipating-restaurants

Walmart to test temperature-controlled box for grocery home delivery

Walmart to test HomeValet grocery delivery box

According to Karen Bomber, Honeywell’s head of retail insights, the COVID-19 pandemic and resulting stay-at-home orders across the country caused a spike in online grocery ordering in 2020. Bomber, speaking during the National Retail Federation’s Chapter One conference on Tuesday, said online grocery orders jumped from 4% of sales in 2019 to 30% in 2020.

It is a trend she doesn’t see diminishing moving forward, and while many of those orders are in-store pickups, a good portion remains home...

https://s29755.pcdn.co/news/walmart-to-test-temperature-controlled-box-for-grocery-home-delivery

Who’s going public? — Great Quarter, Guys (with video)

Great Quarter Guys 11/17

Find out which companies are hitting the public market this week and why that matters

Andrew Cox and Seth Holm are talking about lots of companies coming to the public market through IPO on today’s “You Care or Nah?”

Great Quarter, Guys is sponsored by CarrierDirect

DoorDash will begin trading Wednesday on the public market, which Holm argues is compelling since DoorDash covers the majority of the food delivery market. 

He also thinks the food delivery market is here to stay even if it decelerates...

https://www.freightwaves.com/news/whos-going-public-great-quarter-guys-with-video

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