On-demand delivery

Eats, Delivery pushing Uber toward profitability

Uber’s (NYSE: UBER) earnings results, announced on Wednesday, offer a mixed bag of news. On the Rides side, business continues to struggle to escape from the COVID-19 pandemic, but the remainder of the business is showing signs of strength. That led to CEO Dara Khosrowshahi declaring on CNBC Thursday morning that profitability is within sight, perhaps by the end of 2021.

KeyBanc and Cowen both raised their price targets for the company, with KeyBanc maintaining an overweight rating and raising...

https://www.freightwaves.com/news/eats-delivery-pushing-uber-toward-profitability

FreightWaves focuses on gig economy with launch of Modern Shipper

As e-commerce and the gig economy have grown in the past year, the thirst for news and information has grown among the participants. Whether it is shippers moving online orders to consumers, or rideshare drivers supplementing declining volumes with on-demand food delivery, there is growing activity and interest in the space.

To help fill this information void, FreightWaves is launching Modern Shipper. Modern Shipper, which can be found at www.modernshipper.com, will sit squarely alongside both...

https://www.freightwaves.com/news/freightwaves-focuses-on-gig-economy-with-launch-of-modern-shipper

Spiking sales draw Uber into on-demand alcohol business

Uber to buy on-demand alcohol provider Drizly

COVID-19 nearly crushed the restaurant and liquor industries. Stay-at-home orders and in-store customer limit restrictions were like taking a knife to butter – they instantly and drastically sliced away profits. Many restaurants tried to survive by turning to takeout.

Liquor stores felt the squeeze as well, with fewer people leaving their homes raising concern about lower sales. For liquor retailers, the answer was online sales. According to IWSR Drinks Market Analysis, global beverage alcohol...

https://www.freightwaves.com/news/spiking-sales-draw-uber-into-on-demand-alcohol-business

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

American Tire Distributors taps OneRail platform for on-demand deliveries

With time an important factor in vehicle downtime, American Tire Distributors (ATD) has been working to improve the time for customers to receive replacement tires.

The latest tool in that process is the OneRail delivery orchestration platform. OneRail offers a cloud-based platform for same-day and on-demand delivery of goods. ATD plans to leverage OneRail’s 4.6 million driver network to expand its ATD Express expedited tire delivery program.

ATD trialed OneRail in 19 of its 115 markets before...

https://www.freightwaves.com/news/american-tire-distributors-tap-onerail-platform-for-on-demand-deliveries

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