Why FedEx Isn't Scared of Uber

cheryl

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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.

 
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