UPS, CVS to Launch Residential Drone-Delivery Service to Fla. Retirement Community
28 April 2020 - 2:15AM
Dow Jones News
By Michael Dabaie
United Parcel Service Inc. said its UPS Flight Forward
subsidiary will use drones to deliver prescription medicines from a
CVS Health Corp. pharmacy to The Villages, Fla., for the retirement
community, home to more than 135,000 residents.
The service will use Matternet's M2 drone system, UPS said.
UPS said drone transport offers a fast delivery option for
medicines that are time-sensitive, while supporting
social-distancing efforts.
The new service in The Villages, in central Florida begins, in
early May under the Federal Aviation Administration's Part 107
rules, with authority to operate through the pandemic and explore
ongoing needs as they arise after that period. The operation could
expand to include deliveries from two additional CVS pharmacies in
the area, the companies said.
The first flights will be less than a half mile and be delivered
to a location near the retirement community. Initially, a ground
vehicle will complete the delivery to the resident's door.
UPS shares were up 1.4% at $101.57 in late morning trading and
CVS shares were up 1.4% at $63.20.
Last year, UPS and Matternet initiated a drone-delivery service
at WakeMed's flagship hospital and campus in Raleigh, N.C.,
completing more than 3,700 flights to date. UPS established UPS
Flight Forward in June 2019.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 27, 2020 12:00 ET (16:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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