Core Insights - Veho is expanding its delivery service to new markets, including Ann Arbor, Akron, and Greensboro/Winston-Salem, aiming to reach 60 markets and 128 million consumers by the end of 2025, up from 46 markets at the start of the year [3] - The company is experiencing significant growth, delivering over 10,000 parcels per week in Greensboro and Winston-Salem, which is driving investment in its parcel injection, sortation, and distribution capacity [2][3] - The U.S. parcel volume is projected to grow at a compound annual rate of 4% to 26.8 billion by 2027, with alternative carriers like Veho gaining market share from traditional providers [4][6] Company Developments - Veho has appointed Neel Madhvani as the chief product officer to enhance product development and operational efficiency, focusing on creating a differentiated delivery experience for e-commerce brands [8][9] - The company is investing in advanced technology to allow consumers to control delivery instructions and timing, similar to capabilities offered by Amazon [11][12] - Veho has expanded its geographic reach significantly this year, including markets in Southern California, New York City, and several others [7] Industry Trends - Non-traditional last-mile delivery companies are expanding their networks and capabilities amid a competitive landscape where demand has flattened and excess capacity exists [7] - Companies are leveraging gig drivers and self-developed apps to offer lower shipping rates compared to FedEx and UPS, while also enhancing shipment management technology [6] - The market is witnessing a shift as large retailers and independent carriers increasingly capture market share from traditional delivery services [6]