UPDATE 1-Drugstore drones: UPS will fly CVS prescriptions to U.S. customers [Reuters]
CVS Health Corporation (CVS)
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Source: Reuters
Drugstore drones: UPS will fly CVS prescriptions to U.S. customers - Reuters 3 Min Read LOS ANGELES (Reuters) - United Parcel Service Inc’s new Flight Forward drone unit will soon start home prescription delivery from CVS Health Corp. The service, which will debut in one or two U.S. cities in the coming weeks, shows how the parcel delivery company plans to expand its upstart drone business beyond hospital campuses. “Flight Forward will work with new customers in other industries to design additional solutions for a wide array of last-mile and urgent delivery challenges,” UPS Chief Strategy and Transformation Officer Scott Price said. The Atlanta-based company this month won the U.S. government’s first approval to operate a drone airline, leapfrogging rivals like Amazon.com Inc and Alphabet Inc’s Wing and clearing the way for the expansion of Flight Forward. UPS, which owns 251 jet aircraft and charters nearly 300 more, is building its Flight Forward business at a time when U.S. drone
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- 2/7/24 - Beat
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- CVS's page on the SEC website