FedEx to compete in same-day delivery with Amazon, Walmart and UPS

Core Viewpoint - FedEx Corp. is shifting away from last-mile delivery for e-commerce due to economic inefficiencies but aims to maintain competitiveness by partnering with OneRail for same-day local delivery solutions [1] Group 1: Strategic Shift - FedEx will outsource last-mile delivery to OneRail, allowing merchants to offer same-day local delivery at a lower cost than FedEx's own delivery methods [2] - The partnership with OneRail enables FedEx to compete in the same-day delivery market, which is increasingly dominated by companies like Amazon and Walmart [3] Group 2: Market Positioning - The collaboration with OneRail allows FedEx to potentially regain volume from large customers such as Best Buy and Walgreens, provided it remains competitive on pricing [4] - OneRail's white-labeled solution allows FedEx merchants to maintain brand identity and customer relationships while utilizing a broader delivery network [5] Group 3: Service Features - FedEx SameDay Local will offer two-hour or end-of-day delivery options, connecting customers to a network of over 1,000 delivery providers through OneRail's technology [6] - The service includes features such as live tracking, predictive delivery times, and proof of delivery, enhancing the overall customer experience [6]