New York City

This NYC food delivery startup is giving power back to restaurants

This food delivery startup is changing the game

It’s no secret that there’s a little bit of animosity between restaurants and food delivery apps like Uber Eats, DoorDash and Grubhub. Restaurants often hemorrhage up to 30% of their off-premise sales as part of the commission the apps charge them, and when places like New York City pushed back, the companies opened their collective coffers and jointly sued. Their actions have even earned them the title of “modern day Mafia” among some restaurateurs, who say that the apps are killing their...

https://www.freightwaves.com/news/this-nyc-food-delivery-startup-is-giving-power-back-to-restaurants

Jokr goes from launch to unicorn in 8 months; new funding pushes valuation to $1.2B valuation

Eight months is all it took to reach unicorn status for Jokr, which on Thursday announced it had raised $260 million in a Series B funding round in a transaction that values the instant delivery company at $1.2 billion.

Activant Capital, Balderton, Greycroft, GGV Capital, G-Squared, HV Capital, Kaszek, Mirae Asset, Monashees, Moving Capital, Tiger Global and others participated in the round. Additionally, the New York-based company announced it has expanded to Boston. 

Founded by German...

https://www.freightwaves.com/news/jokr-brings-instant-delivery-to-boston

Worst Thanksgiving storms in US history

Cars driving through a blizzard.

These are five of the most destructive storms on record to hit the U.S. on or around Thanksgiving Day.

Northeast snowstorm, Nov. 23, 1989

Thanksgiving Day 1989, a powerful storm produced record snowfall in New York City and Newark, New Jersey, which received 4.7 and 6 inches, respectively. That’s more than either city had ever seen on Thanksgiving. In Providence, Rhode Island, the same storm system produced 8 inches of snow, which was not only a record for Thanksgiving, but for any day in...

https://www.freightwaves.com/news/worst-thanksgiving-storms-in-us-history

NYC legislation establishes minimum payment per trip for delivery drivers

Grubhub, DoorDash and Uber Eats must now pay NYC delivery drivers a minimum payment per trip

New York City is quickly becoming one of the front lines in the battle for gig worker protections. 

In May 2020, the city enacted commission caps on third-party delivery services, limiting the amount they could charge partnering restaurants to 15% in an effort to help them weather the economic throes of the pandemic. About a month ago, it made those caps permanent. Predictably, the big three food delivery services, Uber Eats, DoorDash and Grubhub, reacted the same way they did when San Francisco...

https://www.freightwaves.com/news/nyc-legislation-establishes-minimum-payment-per-trip-for-delivery-drivers

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