UPS Wades Into Same-Day Delivery With Roadie Acquisition

UPS announced Friday it will acquire Roadie, a crowdsourced same-day delivery provider. The move comes as UPS customers seek local same-day delivery for a variety of goods, including perishables and items in shopping bags instead of traditional parcels. Roadie will continue to operate under the same name, and UPS parcel drivers will still deliver packages in the postal service’s network. The goods and networks will not cross each other. The value of the acquisition was not disclosed, but the transaction is expected to close in Q4 2021. Roadie has been on a growth trajectory, with revenue growing 2,157% from 2017 to 2020. “The company was growing steadily even before the COVID-19 pandemic skyrocketed demand for a faster, cheaper and more scalable delivery solution,” the company said in August. Read more at Retail Dive.