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Package Delivery

Kimberly Redmond | Equities.com |

United Parcel Service (UPS) is launching a pilot program to explore whether or not a same day delivery model is feasible for the company, according to The Wall Street Journal.

During an investor day webcast on Wednesday, UPS chief executive officer Carol Tomé said, “We don’t have a same day product today, as you know, and so we’re looking at it. We don’t have this all the way figured out, but we’ve got a team of people looking at it.”


Kimberly Redmond | Equities.com |

Target Corporation (NYSE: TGT) is testing out a faster delivery approach in a bid to win more consumer spending from its speedier rivals, like Amazon.com Inc’s (Nasdaq: AMZN) Prime Now and Walmart Inc’s (NYSE: WMT) Express Delivery.

The new delivery concept for online orders – which Target said is being piloted in its hometown of Minneapolis – will be supported by three companies that the retail giant has acquired in recent years: Shipt, Grand Junction and Deliv.


AP News | Equities.com |

Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.

Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%.

Japan Post Holdings President Hiroya Masuda said Friday that the deal brought together “the digital and the real.”


Kimberly Redmond | Equities.com |

Amazon.com Inc’s (Nasdaq: AMZN) new electric delivery vans will hit the road in more than a dozen cities in 2021.

On Wednesday, the e-commerce giant said the vehicles, which were custom-built by startup electric truck maker Rivian, are already being used to make deliveries to customers in Los Angeles.