Why FedEx Isn't Scared of Uber

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jul 14, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    Why FedEx Isn't Scared of Uber - Motley Fool

    It won't be easy for Uber and other tech upstarts to gain a foothold in the package delivery business.



    In the past few years, Uber has dramatically upended the taxi business with its cheaper, crowd-sourced alternative to traditional cabs. Its success and rapid growth in this field have scored Uber a $41 billion (and rising) valuation.

    More recently, Uber has looked to expand into adjacent markets. If it has thousands of drivers in a big city ready to transport customers from point A to point B at all times, why not have them transport packages, too? That's exactly what Uber is trying to do. And it's not the only tech company trying to get a foothold in the package delivery business.