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.
Reading comments and joining the conversation are some of the many benefits of subscribing. Join the conversation by clicking the View Comments button below. Not a subscriber? Click here.
Our commenting policy can be viewed here.