News about parcel delivery

According to the Associated Press on Thursday, October 29, DoorDash is offering $17 billion to buy Instacart. Under the proposal, Instacart would keep its name and app, and its 600,000 delivery workers, called shoppers, would continue. The excerpt cuts off while discussing the $9.99 per month that consumers now pay.

DoorDash could announce its bid to acquire Instacart as early as Thursday morning, sources told CNBC. Speculation has built since last week, when The Information reported Instacart was exploring a sale and had held talks with companies including Uber and DoorDash. Several outlets reported on Monday that DoorDash was in advanced talks and that the deal could value Instacart at about $17 billion. Instacart shares rose about 4% in extended trading on Wednesday, while DoorDash shares fell less than 1%.

UPS shares have fallen 14.8% over the past three months, while the S&P 500 gained 3.8%, after the company completed an 18-month plan to scale back Amazon delivery work and focus on more profitable customers. The article argues FedEx and Amazon may compete for the same accounts, and UPS has signed a deal with TikTok Shop to process returns that need no box or label. The U.S. package business brought in $59.5 billion in fiscal 2025, or 67% of revenue. In the second quarter of 2026, U.S. daily packages fell 3.3%, but U.S. revenue rose 6% as revenue per package increased 9.3%. UPS forecasts U.S. daily volume to fall by a mid-single-digit percentage in the third quarter, with revenue roughly flat, and trades at 17.8 times earnings versus 21.9 for the S&P 500.