Delivered: Last-mile industry round-up

Every week, we take a look at the best news stories related to all things last-mile delivery in our Last-Mile Industry Roundup.


Stories from this week:

 

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Feature Story


COVID-19 Delivery Demand Has Made Instacart Profitable For the First Time

Instacart has moved into a key new business territory: black on their balance sheets by reporting a $10M net profit in April. This is a vast leap from operating at a $300M loss in 2019. In the first two weeks of April alone, consumers spent $700M on goods utilizing Instacart's app. This surge represents a 450% increase from December 2019. Instacart's revenue model relies on a combination of delivery fees, a percentage of goods sold, and in-app ads. The momentum began by consumers moving towards grocery delivery but has been ignited by COVID-19. Competitors like Uber also see opportunities in this space and it remains difficult to predict what consumers will choose to do once safety measures are in place and more mobility is permitted. For now, Instacart is focused on delivering and hiring hundreds of thousands of contractors.

Read the full story here


California Promises Seniors Meals
CA Gov. plans to deliver free daily meals to seniors

UPS & CVS Partner with Drone Deliveries
UPS partners with CVS on drone home delivery in Florida

SF Business Times CEO Profiles
SF Biz Times profiles CEOs & Onfleet during COVID-19

Congress considers tax holiday for grocery workers