delivery

As DoorDash Inc.‘s (NASDAQ:DASH) user base exploded to 42 million monthly active users with order frequency at an all-time high, its grocery and retail vertical saw stellar growth along with the aforementioned metrics in the fourth quarter. What Happened: DoorDash’s customers were...

Amazon.com Inc (NASDAQ:AMZN) paused commercial drone delivery last Friday in Texas and Arizona to fix the aircraft’s software. The suspension followed the crash of two of its latest models at a testing facility in rainy weather, Bloomberg reports. Amazon and Walmart Inc (NYSE:WMT) have...

DoorDash, Inc. (NASDAQ:DASH) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report.   The Details: DoorDash reported quarterly earnings of 38 cents per share, which beat the analyst consensus estimate of 22 cents. The company reported...

Eaze Technologies, once the largest cannabis delivery company in California, will cease operations by December 31, 2024. In a letter shared on LinkedIn, CEO Cory Azzalino confirmed the company’s closure. “Due to the ongoing challenges of the California cannabis market, the company...

On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant transformation led by CEO Raj Subramaniam. The parcel giant reported a sharp fall in profits due to weak demand for high-margin speedy delivery services and lowered its...

United Parcel Service, Inc. (NYSE:UPS) shares are trading higher in sympathy with FedEx Corp (NYSE:FDX), which rose after reporting third-quarter results Thursday after the bell.  The Details: FedEx reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3....

The Panic Issue  GDP was revised down, but is still at a high level due largely to massive Congressional  overspending. FedEx provides a warning about future demand which is then confirmed  by November’s PCE data. The Philly Fed shows a massive decline in new orders. Even...

Last Tuesday, FedEx Corporation (NYSE: FDX) shares tumbled almost 10% as the delivery company reported fiscal second quarter results below expectations and lowered its full year guidance. FedEx’s disappointing figures also dragged down the shares of its rival, United Parcel Service Inc (NYSE...

Key Takeaways: ZTO earned 2.35 billion yuan in revenue in the third quarter, up year-on-year but 8.4% lower than the previous quarter  The package delivery company said it might not meet its earlier goal for market share gains as it prioritizes maintaining profitability By Lau Chi Hang China...

Shares of FedEx Corp (NYSE: FDX) spiked in early trading on Thursday after the company reported its quarterly results and gained market share. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Morgan Stanley On FedEx Analyst Ravi...

FedEx Corp (NYSE: FDX) is enjoying the spoils of United Parcel Service Inc’s (NYSE: UPS) costly labor dispute from earlier in the summer. Over the past year, shares of FedEx have climbed nearly 61%, buoyed by a promising $6 billion cost-reduction initiative. With UPS incurring a $30 billion...

Key Takeaways: Dada Nexus recorded its first ever non-GAAP profit in the second quarter, but continued to lose money on a net and operating basis The company could benefit from its strong focus on grocery delivery as Chinese consumers eat more at home in the current environment of economic...

Virtual Dining Concepts LLC, a provider of delivery-only brands, has responded to the lawsuit filed by YouTube star MrBeast, its partner in the virtual restaurant MrBeast Burgers. MrBeast, whose real name is Jimmy Donaldson, filed a complaint in the United States District Court for the Southern...

Amazon.com, Inc. (NASDAQ: AMZN) kicked off its 48-hour Prime Day sale on Tuesday. Deepwater Asset Management's Gene Munster says the competition should look out.  What To Know: Amazon’s Prime Day event offers Prime members exclusive access to the company's ...

Wells Fargo has started its coverage of the large cap internet sector by assigning an Overweight rating to UBER Technologies, Inc. (NYSE:UBER), while providing Equalweight ratings for Lyft, Inc. (NASDAQ:LYFT) and Doordash, Inc. (NYSE:DASH). A team of equity analysts, led by Ken Gawrelsky, at the U....