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>> If the idea of Uber and Lyft delivering groceries while shuttling around passengers ever sounded farfetched, it's now clear. Indeed, it's much harder than expected. Reuters reporting exclusively that Walmart's partnerships with Uber and Lyft to deliver online groceries are now coming to a screeching halt less than two years after they were launched with much fanfare.
Reuters correspondent Nenita Bowes broke the story.>> Uber is basically shutting down its rush service which is the one that delivered groceries. However, it seems like Walmart has been caught on the backboard here because as recently as March, they announced Uber as a partner. With Lyft, however, the partnership from what we're told never really took off.
>> For Walmart trying to compete with Amazon on groceries, it's a potential setback, although Walmart says it won't impact plans to scale grocery delivery as they aren't tied to a single delivery company. But for ride-hailing apps, it's also one less revenue line.>> Former CEO of Uber, Travis Kalanick, spoke about the ultimate, sort of cash generating transportation service to be the one that transports passengers in the backseat and carries groceries.
This is definitely kind of putting an end to that as well.>> Last mile delivery of packages is an intensely competitive business with everyone from Amazon to UPS, FedEx, and the US Postal Service as well as startups like Instacart and Delive vying for a share. Since the .com boom, companies have tried to crack the business for online grocery delivery and competition has gotten even more frenzied since Amazon bought Whole Foods last year.