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A lawsuit against AB5 brought by Uber, Postmates and two of their gig drivers failed in a lower...
Food delivery platform Grubhub has now experienced two major leadership changes in less than two years.
The U.S. arm of Just Eat Takeaway (OTCUS: JTKWY) announced on Monday that CEO Adam DeWitt, an 11-year veteran of the company, will step down. He will be replaced by Howard Migdal, who heads Grubhub’s Canadian counterpart SkipTheDishes.
The shakeup comes just 21 months after DeWitt replaced former chief executive Matt Maloney in June 2021. He’ll remain with the company until May 1 before Migdal...
https://www.freightwaves.com/news/on-the-menu-for-grubhub-a-new-chief-executive
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Proposition 22, which kept California’s independent contractor law AB5 from applying to app-based...
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Remember when Amazon last year scaled back its facility footprint amid an overbuild and an economic...
https://www.freightwaves.com/news/amazon-expands-same-day-delivery-invests-in-driver-safety
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Companies like Uber and DoorDash have made life easy for millions of Americans. Yet the lives of...
https://www.freightwaves.com/news/chick-fil-a-just-did-something-uber-and-doordash-have-never-done
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Once a relatively unknown strategy, networks of independently contracted delivery drivers — or what...
https://www.freightwaves.com/news/last-mile-firm-bungii-streamlines-payments-with-branch
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In 2021, U.S. consumers spent $4.58 trillion — yes, trillion — on retail. But at the same time, retailers took back more than $761 billion worth of merchandise, or an average of 16.6% of all American sales.
The return rate tends to tick even higher following the winter holiday season. Customers returned about $158 billion worth of goods purchased between Nov. 1 and Dec. 24, 2021 — an average of nearly 18% of all sales during that period.
It’s that time of year again. And in anticipation of the...
https://www.freightwaves.com/news/doordash-launches-package-pickup-for-returns
Grocery delivery platform Instacart started 2022 with a valuation of nearly $40 billion. Now, according to a report by The Information, it may close the year valued at just $10 billion.
Two people reported to be familiar with the situation told The Information that Instacart, which had been slated to launch an initial public offering this year and is now expected to go public next year, has cut its internal valuation to around $10 billion. That would represent a 20% decline off its previous...
https://www.freightwaves.com/news/instacart-reportedly-slashes-internal-valuation-by-20-to-10b