Is Delivery Still Profitable? UPS and FedEx Growth Slows
One problem facing both FedEx and UPS is that future growth in online retail is going to come in areas outside their normal business.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
One problem facing both FedEx and UPS is that future growth in online retail is going to come in areas outside their normal business.
Read MoreIf that prediction is true auto insurance costs could drop by as much as 80% because accidents are the main risk ensured for. By the year 2040 your auto insurance bill could be $10 or $15 a month for a brand new car!! Naturally that won’t do Progressive (NYSE: PGR) and Allstate’s (NYSE: ALL) profit margins much good.
Read MoreIf China does not prove to be the bonanza that Kalanick boasts it is, Uber could quickly collapse as investors run away from it. China could be the proving ground where Uber shows whether it is the future of technology or simply a pyramid scam built on a mountain of debt.
Read MoreEntering auto insurance would make a lot of sense for Uber because insurance has been one of the barriers blocking drivers from adopting its service. Some communities, like Kansas City, Missouri, have even banned Uber because of inadequate insurance. Offering insurance could remove that barrier and defuse one of the taxi cab industry’s main objection to Uber.
Read MoreHard to say, but after this deal, Uber is behaving more and more like a hedge fund company or a venture capital firm. It uses its core transportation business to generate cash then reinvests that cash in other ventures.
Read MoreUber’s worst nightmare might have just come true in the Sunshine State. The Florida State Department of Economic Opportunity ruled that a former Uber driver named Darrin McGillis was an employee and not an “independent contractor.”
Read MoreAn Austin, Texas, resident named Demetrious Kourniaris was left standing out in the sun in temperatures of over 100 degrees because Uber drivers refused to transport him and his guide dog on two separate occasions. To add insult to injury, Uber charged Kourniaris cancellation fees on both occasions.
Read MoreFierce competition is already developing in the largely hypothetical Hyperloop industry, according to Forbes. Hyperloop Tech and HTT consider each other rivals and engage in trash talking.
Read MoreInstead of being the cutting edge in transportation, Uber might go down in the history books as the Enron of the 2010s. Remember, Enron, like Uber, was supposed to be run by The Smartest Guys in the Room.
Read MoreNews stories prove that the reports of the car rental industry’s demise are greatly exaggerated. It is Uber and its ilk that are fighting for survival, not Avis-Budget, Hertz and Enterprise.
Read More