FedEx Announces Expansion of FedEx Fulfillment With Nimble Alliance

MEMPHIS, Tenn., September 5, 2024 - FedEx Corporation (NYSE: FDX) today announced a strategic alliance and investment with Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, to scale FedEx Fulfillment with their fully autonomous 3PL model. To support this alliance, FedEx has made a strategic investment in Nimble.

FedEx offers a comprehensive approach to help e-commerce and omnichannel brands make faster, smarter decisions about their supply chain. With more than 130 warehouse and fulfillment operations in North America and 475 million returns processed annually, FedEx Supply Chain is helping brands consolidate functions, increase agility, and accelerate click-to-door speed to maximize value throughout their supply chain.

"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, president, FedEx Supply Chain. "Nimble's cutting-edge AI robotics and autonomous fulfillment systems will help FedEx streamline operations and unlock new opportunities for our customers."

"We're thrilled to be engaging in this multifaceted alliance with a logistics industry leader like FedEx to pioneer and scale autonomous fulfillment," said Simon Kalouche, founder and CEO of Nimble. "This collaboration will help enable FedEx to leverage Nimble's fast and cost-effective fulfillment centers, powered by our next-generation intelligent general purpose warehouse robots and AI technology."

With the mission to make supply chains smarter for everyone, FedEx is continuing to optimize its physical and digital networks to deliver more for our customers and their consumers. FedEx is a leader in supply chain technology and continues to deliver digital solutions to help its customers compete in the dynamic e-commerce space.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.