FedEx has established an automotive vertical to enhance its business-to-business offerings and revenue, targeting the high-margin North American automotive market, as highlighted by EVP Brie Carere. The initiative has gained traction, evidenced by FedEx’s inclusion on General Motors’ Supplier of the Year list for the 21st consecutive year. The company aims to assist automotive clients in navigating supply chain challenges while also pursuing growth in healthcare and other sectors, having reported $9 billion in healthcare revenue by the end of fiscal year 2025.

Source: https://www.supplychaindive.com/news/fedex-auto-logistics-b2b-growth/751909/