Yahoo Finance FedEx and Microsoft Team Up on eCommerce Logistics Service
By Sam Boughedda
Investing.com — FedEx Corporation (NYSE:FDX) and Microsoft Corporation (NASDAQ:MSFT) announced Monday they have come together as part of their multi-year collaboration agreement for a new cross-platform logistics solution for e-commerce.
FedEx and Microsoft said they will bring together FedEx network intelligence with capabilities from Microsoft Dynamics 365 to introduce a cross-platform "logistics as a service" for retailers, merchants and brands.
Shares of Microsoft fell 1.8% on Monday, while FedEx stock fell 2% amid a broad market selloff that has the S&P 500 down 2% in early trading.
The companies will use artificial intelligence and machine learning tools to gain data and insights from the packages that pass through FedEx's network to help brands fulfill, ship, and service customer orders while integrating with their existing e-commerce platforms.
"More than ever, it's clear just how critical having a resilient supply chain is for every organization's success in the modern economy," said Satya Nadella, Microsoft's chairman and CEO.
"We're bringing data and insights from the FedEx network together with the Microsoft Cloud, starting with Dynamics 365, to help organizations accelerate their digital transformation across their business operations so they can offer customers more integrated ways to shop, and faster, more efficient deliveries," he added.
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