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....
https://www.freightwaves.com/news/fedex-unit-invests-100-million-in-indian-logistics-firm-delhivery