Food delivery Archives - Page 2 of 8 - Maritime Shipping News

Delivery company Gopuff continues layoffs, outsourcing

20 October 2022

A few months after announcing the layoffs of hundreds of employees, Gopuff continues to trim its workforce.

The 30-minute delivery company last week cut just under 250 workers, people familiar with the matter told Bloomberg on Wednesday. According to Gopuff, the layoffs affect the firm’s customer service team and include a mix of full-time and temporary employees.

The cuts are part of an internal restructuring by Gopuff, announced in July. The company had intended to eliminate the roles months...

https://www.freightwaves.com/news/delivery-company-gopuff-continues-layoffs-outsourcing

Why Olive Garden, Longhorn Steakhouse refuse to deliver

23 September 2022

While the majority of restaurants have turned to delivery options to boost profits, there are still a few holdouts.

Darden (NYSE: DRI), the parent company of banners like Olive Garden and Longhorn Steakhouse, is one of them. The full-service restaurant magnate this week told investors on its first-quarter 2023 earnings call that its decision to not offer delivery has shielded it from a negative impact on margins.

“With margins being basically the same for us on off-premise versus on-premise,...

https://www.freightwaves.com/news/why-olive-garden-longhorn-steakhouse-refuse-to-deliver

FTC to crack down on ‘unfair, deceptive’ gig company practices

16 September 2022

The Federal Trade Commission is throwing down the gauntlet against gig companies like Uber, Lyft and DoorDash.

The FTC on Thursday released a policy statement that made clear the agency’s commitment to protect gig workers from “unfair, deceptive and anticompetitive practices.” While the statement does not have any legal power, it mentions a laundry list of practices that the FTC is looking to combat, including:

Misrepresentations of the flexibility of gig work
Diminished bargaining power
Reducing...

https://www.freightwaves.com/news/ftc-to-crack-down-on-unfair-deceptive-gig-company-practices

Uber Eats goes driverless with Nuro partnership

8 September 2022

Uber Eats Nuro autonomous driverless delivery vehicle

If you live in Houston or Mountain View, California, you may not need to tip on your next food delivery order.

That’s because Uber Eats (NYSE: UBER) on Thursday announced a multiyear partnership with Nuro, one of the country’s leading autonomous vehicle manufacturers. Starting this fall, customers in Texas and California can get their food delivered by driverless robot and skip the tips.

The companies plan to expand the service to the San Francisco Bay Area after getting their driverless delivery...

https://www.freightwaves.com/news/uber-eats-goes-driverless-with-nuro-partnership

This technology could reshape the world of food distribution

16 August 2022

The U.S. food distribution system is in a tight spot. Consider this disparity: Food waste accounts for between 30% and 40% of the nation’s food supply even as 10% of the country’s 65,000-plus census tracts are considered by the U.S. Department of Agriculture to be food deserts, places where residents lack adequate access to nutritious and affordable food.

To that, add the lingering effects of the COVID-19 pandemic. Demand for food has increased as lockdown measures have waned because consumers...

https://www.freightwaves.com/news/this-technology-could-reshape-the-world-of-food-distribution

Report: 7-Eleven makes under-the-radar purchase of delivery startup

5 August 2022

It looks like 7-Eleven is ditching longtime partner DoorDash.

The two companies have collaborated heavily in recent years, with the convenience store chain using DoorDash couriers to power its 30-minute delivery service.

But a pair of inside sources told The Information on Thursday that 7-Eleven has acquired San Antonio-based delivery startup Skipcart, suggesting a desire to distance itself from the food delivery app.

Terms of the deal were not disclosed by the sources, and 7-Eleven did not...

https://www.freightwaves.com/news/report-7-eleven-makes-under-the-radar-purchase-of-delivery-startup

DoorDash posts $263M loss, but stock jumps nearly 20%

4 August 2022

DoorDash saw total orders rise and revenue increase, but the delivery company posted a larger-than-expected loss for the second quarter. DoorDash said it lost $263 million, or 72 cents per share, in Q2, compared with a loss of $102 million, or 30 cents per share, a year ago.

FactSet analysts had forecast a loss of $195 million, or 21 cents per share, on revenue of $1.52 billion. DoorDash posted revenue of $1.6 billion, up from $1.24 billion in Q2 2021.

DoorDash (NYSE: DASH) released earnings...

https://www.freightwaves.com/news/doordash-stock-spikes-following-q2-earnings

Uber reports record revenue, but delivery takes a back seat

2 August 2022

It looks like rideshare is back in the driver’s seat for Uber (NYSE: UBER) after Eats and its delivery business steered the company through the pandemic.

The company reported a record $8.1 billion in revenue for the second quarter of 2022, up 33% from a year ago, due largely to growth in its mobility business. More drivers (5 million) and customers (122 million per month) used Uber’s platform in Q2 than ever before, which helped it offset losses from its investments in Aurora, Grab and Zomato.

In...

https://www.freightwaves.com/news/uber-reports-record-revenue-but-delivery-takes-a-back-seat

Amazon takes bite out of Grubhub, offers Prime members free perks

6 July 2022

Amazon has acquired a 2% stake in Grubhub, the North America-based subsidiary of European food delivery giant Just Eat Takeaway, the Amsterdam-based company announced Wednesday.

Shares of Just Eat (OCTUS: JTKWY) were trading up nearly 20% on the news Wednesday morning, while rival DoorDash’s stock (NYSE: DASH) was down about 10%.

Amazon’s (NASDAQ: AMZN) stake in Grubhub could rise to 13% if it can deliver a certain amount of new customers to the business, though the announcement did not specify...

https://www.freightwaves.com/news/amazon-takes-bite-out-of-grubhub-offers-prime-members-free-perks

On-demand delivery app Waitr adds 700 7-Eleven stores

15 June 2022

Waitr has long been in the shadows of giants.

The forgotten sibling of Uber Eats, DoorDash and Grubhub was born in Lake Charles, Louisiana, in 2013 before spreading quickly across the American South. But with less than a 1% share of the U.S. food delivery market today, Waitr (NASDAQ: WTRH) is looking to ditch restaurant deliveries in favor of non-restaurant verticals — like convenience stores.

This week, Waitr announced that it would be delivering items from over 700 7-Eleven stores across the...

https://www.freightwaves.com/news/on-demand-delivery-app-waitr-adds-700-7-eleven-stores

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