FedEx Partners with OneRail for Same-Day Delivery; Amazon Expands Shipping Speeds
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowFedEx has announced the launch of a same-day delivery service in partnership with OneRail, enhancing its offerings in response to competitive pressures from Amazon and Walmart, which are also increasing shipping speeds. OneRail's network covers nearly 99% of the U.S. and includes over 1,000 delivery drivers, facilitating 80,000 deliveries of 30 minutes or less daily. This strategic move enables retailers to offer precise delivery windows, with options for two-hour or end-of-day services. FedEx aims to leverage OneRail’s technology to meet consumer demands for faster delivery times and enhance its value proposition in the logistics market.
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About FedEx Corporation (FDX)
FedEx is a global package-delivery and logistics company.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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