FedEx Corp. is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft, said Chief Executive Officer Fred Smith. The effort builds on the courier’s work with Silicon Valley’s Reliable Robotics, which was founded by veterans of Elon Musk’s Space Exploration Technologies Corp. With approval
Driven by the rampant growth rate of e-commerce, coupled with the need to increase efficiency and lower residential delivery costs, Memphis-based freight transportation and logistics service provider FedEx announced late last week that in March, FedEx Express—its global, time-definite delivery service unit—will contract with FedEx Ground—its ground transportation package delivery services unit—for the transport and
Driven by the rampant growth rate of e-commerce, coupled with the need to increase efficiency and lower residential delivery costs, Memphis-based freight transportation and logistics service provider FedEx announced late last week that in March, FedEx Express—its global, time-definite delivery service unit—will contract with FedEx Ground—its ground transportation package delivery services unit—for the transport and
FedEx Corp. founder Fred Smith, nearing the end of a legendary career, says he’s going to prove himself right one more time. Best known for disrupting the parcel delivery business by introducing overnight service, Smith is now getting disrupted himself by e-commerce and the rise of online shopping. He’s taking a pounding from Wall Street
Pre-Christmas tension between global e-commerce giant Amazon and freight transportation and logistics bellwether FedEx appears to have thawed. The tension stemmed from a Wall Street Journal issued roughly one week before Christmas, which indicated that due to what Amazon called a “decline in performance,” it would be blocking third-party sellers from using FedEx Ground delivery