FedEx invests in AI robotics company Nimble to boost its supply chain business

FILE PHOTO: A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022. REUTERS/Bing Guan/File PhotoFedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized businesses in fulfilling orders and managing inventory.

Parcel delivery companies are ramping up investments in automation in an effort to cut down costs and boost efficiency at a time when freight demand remains subdued. FedEx said the investment would help streamline its supply chain capabilities across North America, through Nimble's automated third-party logistics solutions.

"Our strategic alliance and financial investment with Nimble expands our footprint in the e-commerce space, helping to further scale our FedEx Fulfillment offering across North America," said Scott Temple, FedEx Supply Chain president. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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