FedEx Corp. (NYSE: FDX) said Monday it has completed its acquisition of e-commerce platform ShopRunner that was announced earlier this month. Terms of the transaction have not been disclosed.
ShopRunner’s platform connects more than 100 merchants to consumers and charges $79 a year for guaranteed two-day deliveries. ShopRunner becomes a subsidiary of FedEx Services, a unit that offers support services to other parts of FedEx’s businesses.
The acquisition is designed to bolster FedEx’s e-commerce offerings, which are expected to play a pivotal role as the company goes to war with Amazon.com Inc. (NASDAQ:AMZN). Amazon plans to restart third-party shipping services in 2021 after putting the program on hold earlier this year due to the COVID-19 pandemic.
ShopRunner will operate as part of FedEx Dataworks, a new organization within FedEx Services designed to leverage FedEx’s formidable databases to improve the integrated digital and physical e-commerce transactions.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now