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Business

“FedEx to cut daytime domestic flight activity by 60%”

“…The parcel logistics giant will reduce daytime domestic flying time by 60% and the number of city destinations by 55%, which will add about 500 pilots to the existing surplus, said Justin Brownlee, senior vice president for flight operations and… Continue Reading…

Business

“Wood-delivery startup Wonder Group gets $100 million investment from Nestle”

“Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. The deal includes a $100 million investment from Nestle,… Continue Reading…

Stocks

“Shares of Indian food delivery start-up Zomato jump over 80% in market debut”

“Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on… Continue Reading…

Business

“Amazon cuts more than 1,200 delivery contract jobs, even as that part of its business booms”

“More than 1,200 Amazon delivery drivers have been laid off in recent months after the company cut contracts with several small delivery companies across the country.  Amazon informed at least seven firms that are a part of its delivery service partner, or… Continue Reading…

Economy

“Coronavirus stimulus checks: What to know about mail delivery”

“Paper checks will be issued at a rate of about 5 million per week, meaning it could take up to 20 weeks to issue all the checks expected to be mailed. The checks will be issued in reverse “adjusted gross… Continue Reading…