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FedEx execs say InPost deal will boost European performance
Yahoo Finance· 2026-02-12 20:10
FedEx’s decision to invest in InPost, a European e-commerce focused parcel carrier specializing in out-of-home last-mile delivery, will enable the U.S. integrated logistics giant to improve network utilization by outsourcing lower density B2C volumes to InPost, freeing capacity within FedEx’s system to prioritize higher margin B2B volumes that are core to the company’s growth strategy, executives said Thursday. FedEx on Monday said it would acquire a 37% stake in InPost for about $2.6 billion and establis ...
Walmart plans to expand drone deliveries to three more states
CNBC· 2025-06-05 21:26
Core Point - Walmart is expanding its drone delivery service to 100 stores across five states, aiming to enhance convenience and compete with rivals like Amazon [1][3]. Group 1: Expansion Plans - The drone delivery service will be launched in Atlanta, Charlotte, Houston, Orlando, and Tampa within the next year [1]. - With this expansion, Walmart's drone deliveries will be available in Arkansas, Florida, Georgia, North Carolina, and Texas [1]. Group 2: Delivery Process - Customers can request deliveries through the Wing app, with drones operating within a six-mile range from stores [2]. - Deliveries are completed in 30 minutes or less, with popular items including eggs, ice cream, and pet food [5]. Group 3: Customer Feedback and Usage - Customer feedback indicates a strong demand for expanded drone delivery services, particularly for urgent items [4]. - Over 50% of the 150,000 items available at Walmart locations can be delivered by drone [5]. Group 4: Historical Context and Challenges - Walmart previously announced plans to reach 4 million households with drone deliveries but faced challenges in execution [6]. - The company has completed over 150,000 drone deliveries since 2021, indicating modest progress compared to its initial goals [7]. Group 5: Competitive Landscape - Amazon is also pursuing drone delivery but has faced its own challenges, aiming to deliver 500 million packages annually by the end of the decade [7][8]. - Walmart has tested drone deliveries in various locations, including Northwest Arkansas and the Dallas-Fort Worth area, with multiple operators involved [9]. Group 6: Future Outlook - Walmart aims to integrate drone deliveries into a broader ecosystem of delivery options, emphasizing flexibility and convenience [10]. - The company is testing a drone delivery option within its app, with costs of $19.99 or free for Walmart+ members [10].