A clutch of European and U.S. delivery company startups is racing to serve the growing market for offering zero-emission, electric last-mile deliveries in cities to retailers and consumers before giant shippers do the same.
H&M, the world's second-largest fashion retailer, said it is scaling up a number of zero-emission delivery initiatives "through a variety of partnerships like the one... with Liefergrun."
In a pilot project, DHL will switch to 100% zero-emission last-mile e-commerce deliveries in the Netherlands by the end of this year, with other markets to follow through investments of "double-digit billions" of euros, said Deutsche Post DHL head of corporate development Yin Zou. "The biggest requests from our customers are when can you expand and how soon can you take all of this volume?" CEO Tristan Thomas said.Europe has so far proven more fertile ground for zero-emission package deliveries.
DutchX's revenue should rise by more than a third to around $40 million this year. The company will launch operations in Philadelphia this year, with three or four more additional U.S cities next year. The challenge for startups is that scaling up is difficult. Many use smaller vehicles than the typical delivery truck, squeezing profit margins because it is hard to deliver enough packages to offset labor and other costs.
"As to the threat these startups present, certainly the established carriers will be keeping an eye on these developments," Goldsby said. "They are also prone to acquiring any service provider that's doing something really cool."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock rumors of shifted focus from Bitcoin to XRP fails to deflate BTC Spot ETF flareBlackRock asset manager is making headlines on giant social media platform X, only this time not for the usual Exchange-Traded Fund (ETF) theme. It co
Read more »
Biden allies worry Hunter’s indictment could strain the president’s 2024 focusThe president has even lamented aloud that he might be dead before his son’s case is resolved, according to a source close to the Bidens.
Read more »
Ripple CTO Directs Community Focus at Incoming XRPL FeatureRipple CTO continues subtle publicity for XRPL's EVM sidechain feature
Read more »
European Commission president to visit Lampedusa amid migrant crisisItaly's Prime Minister Giorgia Meloni has called for a naval blockade of North Africa while tensions increase on the island.
Read more »
Award-winning chef opens Pasadena donut shop with health focusPasadena’s health-conscious donut shop, Hello You’re Welcome, will hold a grand opening event Saturday, Sept. 16.
Read more »
Ohtani focus on elbow procedure as year endsShohei Ohtani underwent an MRI on Friday afternoon that showed ingering irritation in his right oblique, prompting him to shut down his season as a hitter and shift his focus to treating the torn UCL in his right elbow.
Read more »