FedEx to invest further in artificial intelligence, robotics technology
FedEx Ground is already working with Berkshire Grey in some markets to deploy systems to robotically sort small packages that arrive daily and require distribution. (AP File Photo/Keith Srakocic)
Per the new agreement, FedEx will purchase up to $200 million in services from a Massachusetts-based technology company, in exchange for warrants for 25 million shares of its stock.
Topics
FedEx Corp. Berkshire Grey Rebecca YeungRob Moore
Rob Moore is an Arkansas native who moved to Memphis to attend the University of Memphis. He holds a B.A. and an M.A. in English. He covers Public Companies, Transportation and Logistics, and Banking and Finance.
Want to comment on our stories? Or read the comments of others? Join the conversation by subscribing now. Only subscribers can view or add comments. Our commenting policy can be viewed here.