What Happened
Drone Delivery Expansion Plans Unveiled Amid Regulatory Changes
Wing, the drone delivery business of Alphabet, is investing $125 million in a new manufacturing facility in Fort Worth, Texas, to meet growing demand for ultra-fast delivery. The company plans to expand its drone delivery service nationwide, with a focus on partnering with retailers such as Walmart. Wing also announced plans to launch drone delivery in Japan, in partnership with KDDI Corp. The investment and expansion plans come as the industry awaits new US rules enabling greater deployment of drones, which could trigger widespread expansion in the sector, according to FreightWaves.