The Washington Post
ALSO I N BUSINESS Supermarket chain Kroger
reported a slide in a main measure of profitability Friday, blaming discounts, wastage and this year’s squeeze on global supply chains. U.S. retailers have spent more on shipping and labor this year, as pandemicdriven port congestions and a shortage of drivers increase costs. Kroger’s gross margin fell to 21.4 percent in the second quarter, from 22.8 percent a year earlier.
United Parcel Service agreed to acquire Roadie, a same-day delivery start-up, looking to speed service and expand into atypical parcels such as oversize packages and perishable goods. The acquisition, for an undisclosed amount, comes after UPS began a pilot with Atlanta-based Roadie to test same-day deliveries. Roadie will operate under its own name as a separate company.