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Alphabet, UPS have edge in delivery’s next frontier: drones

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(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .)

Next year, maybe your holiday gifts will be delivered by drone.

The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets saying “UPS and Alphabet have the early lead” on Amazon, FedEx and others.

“The emerging US drone operators are upgrading from constrictive drone-specific regulatory frameworks and essentially shoehorning their unmanned vehicles into more flexible and expansive FAA rule sets,” Loop Capital Markets wrote in a note to investors last month.

A UPS autonomous drone carries…



Source cnbc.com

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