UPS and FedEx have dominated the US logistics industry — in particular, the last mile of delivery, where a courier brings a customer their order. FedEx estimates that more than 95% of all e-commerce orders in the US are delivered by itself, UPS, or the US Postal Service (USPS).
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But e-commerce sales are on the rise, leading to a surge in package volume — and legacy shippers don’t have the capacity or network to quickly deliver parcels. This has opened cracks in the space and presented a significant opportunity for last mile delivery startups to emerge.See the rest of the story at Business Insider
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See Also:
- Uber experienced its lowest-ever quarterly revenue growth — but Uber Eats saw a big jump
- Amazon and Postmates pilot two autonomous delivery trials in California
- IBM has introduced a blockchain-based supply chain verification network
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