- Did you download a fast-food app in July? If so, you contribute to a new record! In July, the top 10 quick-service restaurant apps in the United States (Starbucks, McDonald’s, Dominos, etc.) were downloaded 12.1 million times – a 16.3% increase to the month prior!
Source: QSR Magazine. Read the full article here.
- According to the July Cass Freight report, “U.S. freight rates increased 28% year over year, but declined almost 2% month over month in July, a likely signal that the U.S. market has reached peak freight rates”. Cass Index Report Author and ACT Research Sr. Analyst Tim Denoyer, shared with CNBC that “We’re coming into this peak season with much more free capacity. I think that’s going to be a good thing from a cost perspective for those big retailers who have been struggling with a lot of cost inflation”.
Source: CNBC. Read the full article here.
- Tim Hortons has officially opened in India! The Canadian fast-food chain opened two locations – one in New Delhi’s Select CityWalk Mall and the other in the DLF CyberHub in Gurgaon.
Source: ZeeBusiness. Read the full article here.
