FedEx Corp. FDX, +0.95% said Tuesday that it will put 500 FedEx Office locations in select Walmart Inc. WMT, +0.57% stores over the next two years. Customers will be able to pack, ship and print from the locations. Customers can also send packages to any Walmart-based Fedex Office location to store for up to five business days. The two companies piloted the program in 47 locations in six states. The effort is part of an expansion of the FedEx network. FedEx shares are up nearly 30% for the last year while Walmart shares are up 25% for the period. The Dow Jones Industrial AverageDJIA, +0.47% is up 17.7% for the last 12 months, outpacing the S&P 500 indexSPX, +0.15% which has risen 14.3% for the period.
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I heard the FedEx and UPS were going to merge.The new company would be called FedUp.
ReplyDeleteThis is the next step for Walmart to get a leg up on amazon. They already have the distribution chain, now they're beefing up same day and overnight delivery. People laugh when I say it, but one day, Walmart will be neck-n-neck with Amazon.
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ReplyDeleteHeads, I win; tails, you lose!
It's a 3 way split with UPS, FedEx and Post Office to deliver Amazon stuff. But they just scored an exclusive with Amazon's main competition.
It's like opening 500 new branches with one lease that have no property maintenance issues, and most are open 24/7. Smart move.
Except that amazon has it's own planes and delivery vehicles now and they are expanding the service to include drones. It is good for fedex. No exclusive for walmart to ship with fedex. Walmart will ship by cheapest means.
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