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Political and Policy Changes and Cost Pressures in the US Delivery Market

FreightWaves ·

UBER Uber Technologies Inc
$71.27 +2.86%
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  1. 1DoorDash and Uber reached a $131.5 million settlement with the New York City Department of Consumer and Worker Protection last month.
  2. 2According to a FarEye report, 88% of operators responded that delivery costs are increasing as fast as or faster than revenue.
  3. 3Fuel surcharges for UPS and FedEx are currently recording over 23%, surpassing the 9% level seen in 2021.

So what's the key point?

DoorDash and Uber agreed to pay $131.5 million to New York City. Delivery costs are rising as quickly as revenue, increasing the burden on companies.

Source FreightWaves · View original ↗

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