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FedEx unit invests $100 million in Indian logistics firm Delhivery

FedEx unit invests $100 million in Indian logistics firm Delhivery

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FedEx Express, the air and international unit of FedEx Corp. (NYSE:FDX), said Friday that it has made a $100 million equity investment in Indian transport and logistics firm Delhivery, and that the FedEx unit’s Indian operation will operate an integrated air-ground service with Delhivery in the country’s domestic and international markets. Under the agreement, described by FedEx in a statement as “long-term” in duration, FedEx Express will offer international services to and from India.

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