Local, responsibly grown greens delivered fresh with URB-E's network
NEW YORK, March 24, 2022 /PRNewswire/ — URB-E, the compact container delivery network that's replacing trucks with small electric vehicles, today announced its partnership with indoor farming leader Square Roots to enable fast, local delivery of its responsibly grown greens.
The fleet is utilized to deliver fresh produce at Square Roots' indoor farm in Brooklyn to retail stores across New York City. URB-E's electric vehicles were successfully deployed starting in December 2021.
URB-E's containerized system provides capacity for the insulated cold storage bags to protect fresh produce, which enables faster loading and unloading times, better weather protection, and reduced congestion on the road. All of these features work together to support Square Roots and quickly deliver produce that was picked at peak freshness, arriving in local stores within hours of harvest and minimizing food waste.
"Working with local farmers to deliver their responsibly-grown fresh produce — all while reducing emissions by using our vehicles — is part of building the greener and smarter cities of tomorrow, and that's why we're glad to partner with Square Roots," said Charles Jolley, CEO of URB-E. "Solutions like these not only take cars and trucks off the road, they ensure local, fresh food is available all year round."
Square Roots' smart-farm technology platform and software-controlled hydroponic growing systems allows the company to grow more food with fewer resources, 365 days a year, regardless of outdoor weather conditions. Square Roots' approach uses 95% less water than conventional field farms and repurposes existing urban infrastructure—creating ideal growing climates inside refurbished upcycled shipping containers that are stacked vertically to reduce the company's impact on the land.
"Square Roots strategically deploys our indoor farms close to end consumers, all across the country, resulting in shorter supply chains everywhere—reducing food miles and minimizing food waste," said Tobias Peggs, Co-Founder and CEO at Square Roots. "By working with URB-E and utilizing their electric-powered vehicles, initially in New York City, Square Roots can quickly deliver our fresh produce to stores in a way that is better for people and planet, while making good business sense."
About URB-E
URB-E is containerizing last-mile delivery to help make our cities run better. The containers save a massive amount of space in crowded urban centers and can be moved by e-bikes through city streets more quickly and economically, and with less environmental impact, than other alternatives.
URB-E has some of the world's largest retailers and ecommerce companies as its clients. The venture-funded company is backed by UBS Group and headquartered in Los Angeles.
For more information, please visit urb-e.com.
About Square Roots
Square Roots is the technology leader in indoor farming with a mission to responsibly bring its locally grown food to people in cities around the world, all year round. Square Roots is setting new standards for transparency and responsibility, while training a new generation of leaders in agriculture to create a more sustainable food system. Founded by serial entrepreneurs, Kimbal Musk and Tobias Peggs, its range of fresh produce is available in more than 250 retail locations around the country including Whole Foods Market, FreshDirect, Morton Williams, SpartanNash corporate stores, Fresh Thyme Market, Meijer's market format stores, Busch's Fresh Food Market, and Gordon Food Service Stores. Square Roots' strategic partnership with Gordon Food Service reinforces a larger shared ambition to build commercial-scale, climate-controlled indoor farms together across the continent – enabling local food at a global scale, year round. For more information, please visit www.squarerootsgrow.com.
Media contact:
Consort Partners for URB-E
urb-e@consortpartners.com
John Kell for Square Roots
john.kell@squarerootsgrow.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/urb-e-joins-forces-with-indoor-farming-leader-square-roots-for-locally-grown-zero-emissions-fresh-food-delivery-301509406.html
SOURCE URB-E
Don't want to tell the IRS about your jackpot from the casinos? You may not have to (which Caesars, MGM, and others should love).
As Nvidia's (NASDAQ: NVDA) Graphics Technology Conference 2022 (GTC 2022) approached its close on Wednesday, investors seemed largely unimpressed with the semiconductor giant's announcements. Nvidia's promise to enhance its artificial intelligence offerings, create a supercomputer for advanced robotics, expand its virtual reality Omniverse, and so on were all impressive announcements in and of themselves. It's just that they were largely expected, already "priced in" to the stock, and thus failed to convince Wall Street investors to shift their price targets.
Driving higher yesterday, shares of Nio (NYSE: NIO) are reversing course and headed south today. Although the Chinese electric vehicle (EV) manufacturer hasn't reported any news to spur the stock's sell-off, investors are reacting to some pessimism from Wall Street. As of 10:49 a.m. ET, shares of Nio have dropped 4.5%.
Putin is insisting that the US, the UK and the EU pay for their Russian gas purchases with rubles—a strategy to force the West to dilute the effects of its own sanctions on Moscow.
Shares of autonomous vacuum-cleaner company iRobot (NASDAQ: IRBT) suddenly soared this morning, and as of noon ET on Thursday, the stock was up 10%. During the administration of President Donald Trump, the U.S. and China exchanged escalating tariffs on certain products. In 2021, iRobot paid over $48 million in tariffs, a huge number for small-cap company with a market capitalization under $1.8 billion.
Nvidia CEO Jensen Huang says the recent hack by Lapsus$ was a 'wake-up call' for the chip maker.
A Boeing 737-800 with 132 people on board crashed in southern China on Monday. Investors should keep a close eye on developments.
For investors seeking a clear market signal, the last few weeks have been frustrating at best. So far this year, the main stock indexes are down – the S&P 500 has fallen just over 7%, while the NASDAQ is still in correction territory, with a 12% year-to-date loss. However, the market bounced back starting last week. We saw a week of solid gains that saw stocks make a strong rebound from their low points. The result: for the month of March, the S&P is up 3.9%, while the NASDAQ has gained 3.3%. Th
Warren Buffett is undeniably the most closely watched, highest-profile investor in modern history. Not surprisingly, investors relentlessly clamor to match his success by analyzing his portfolio, hoping to absorb even a tiny morsel of Buffett's investment genius. Despite his unparalleled success, Buffett's investment model has always been transparent, straightforward, and consistent.
Yahoo Finance Live's Julie Hyman breaks down how MOEX, Russia's stock market, performed in its first limited trading session in nearly a month.
The electric-vehicle maker said at its analyst day on Wednesday it had started manufacturing Tre battery electric vehicle (BEV) at its Coolidge, Arizona facility on March 21 and would deliver 300 to 500 semi-trucks this year. Several electric vehicle makers including legacy automakers such as Ford Motor Co and General Motors that have entered the segment aim to deliver their first EVs this year as demand heats up, but higher raw material prices and supply chain woes have clouded their timelines. The Nikola story has increased credibility now as trucks start to roll off the line, said Jeffrey Kauffman, analyst at Vertical Research Partners, adding the company could surprise with new customer orders.
“In the past few months we’ve already started seeing increases to the interest rates that banks are offering on deposit accounts, but it’s likely that we’ll see even more now that the Fed has announced a rate hike,” says Chanelle Bessette, banking specialist at Nerdwallet. Adds Ken Tumin, founder of DepositAcounts.com: “Several online banks have recently increased their savings account rates in the last two months, even before the first Fed rate hike,” adds Ken Tumin, founder of DepositAcounts.com — with potentially more increases to come, pros say.
(Bloomberg) — Against all odds and despite sanctions, Russian tycoons are regaining some of their wealth.Most Read from BloombergPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaChina Plane Crash Update: Searchers Identify Parts of WreckageRussia Central Banker Wanted Out Over Ukraine, Putin Said NoWall Street Is Scrambling For the Exits in Moscow — and Billions Are at StakeChina Jet’s Dive Took It Near Speed of Sound Before CrashAfter almost one month of suspension, shares in Moscow
Two of the top healthcare companies you can invest in today are CVS Health (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA). Are you better off going with Walgreens' more focused approach or that of CVS, with its broader, more diverse business model? One of the most attractive features about Walgreens, particularly for income investors, is its high yield, which at 4% far exceeds the 2% payout that CVS offers and the S&P 500 average's 1.3% yield.
The short answer to this question is, “Yes, provided you are prepared to accept a modest standard of living.” To get an an idea of what a 60-year-old individual with a $300,000 nest egg faces, our list of factors to check includes … Continue reading → The post Can I Retire at 60 With $300,000? appeared first on SmartAsset Blog.
EVgo (EVGO) shares have significantly outpaced the market so far in 2022, showing year-to-date gains of 20% vs. the S&P 500’s 6% downturn. Following the DCFC (DC fast charging) leader’s latest quarterly report, Evercore’s James West thinks the stock still has plenty of room to run. That said, 4Q21’s earnings were not an all-out success, with decent growth offset by bigger losses than anticipated. Specifically, the company generated revenue of $7.1 million, showing a 70% year-over-year uptick vs.
Electric semi truck company Nikola (NASDAQ: NKLA) has had a turbulent young life. Last year, Nikola founder and former chairman Trevor Milton was ousted and has since been indicted on fraud charges. The company has distanced itself from that situation, but investors have long memories, and reestablishing trust is hard.
(Bloomberg) — Nvidia Corp., one of the largest buyers of outsourced chip production, said it will explore using Intel Corp. as a possible manufacturer of its products, but said Intel’s journey to becoming a foundry will be difficult. Most Read from BloombergPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaChina Plane Crash Update: Searchers Identify Parts of WreckageRussia Central Banker Wanted Out Over Ukraine, Putin Said NoWall Street Is Scrambling For the Exits in Moscow — and Bill
Over 40% of European cars use diesel fuel, but interrupted trade flows with Russia are sending prices soaring and governments scrambling for alternatives.
Home Depot (NYSE: HD), Starbucks (NASDAQ: SBUX) and Lululemon Athletica (NASDAQ: LULU) are all down around 20% year to date. Home Depot has been demonstrating outstanding growth over the past two years, coinciding with lockdowns and a focus on the home. While much of that is over, and shoppers are spending on other products, Home Depot has continued to post increased sales and income.