$FedEx(FDX)$

@Sagi08@IZLIN@Zenekz@simplydkam

FedEx (FDX) recently announced a multi-year deal with Nuro to use the latter’s autonomous delivery vehicle for its operations. The addition of Nuro’s next-generation autonomous vehicles expands FedEx’s portfolio of autonomous same-day delivery vehicles and devices.

The partnership deal was initially inked in April, and underwent pilot testing across Houston. The pandemic fueled a massive growth of ecommerce, making reliable and autonomous solutions a necessity throughout the supply chain in order to efficiently meet delivery demands. FedEx expects automation to increase the safety, efficiency, and productivity of more than 570,000 FedEx workers.

Rebecca Yeung, vice president, advanced technology and innovation, FedEx, said, “FedEx was built on innovation, and it continues to be an integral part of our culture and business strategy.” She added, “We are excited to collaborate with an industry leader like Nuro as we continue to explore the use of autonomous technologies within our operations.”

Notably, Nuro has been a self-driving technology innovator for nearly five years, and has deployed its autonomous vehicles in a number of cities. The company has also collaborated with with grocery, restaurant, and pharmacy players.