Looking to expand its e-commerce delivery capabilities, FedEx Corp. said Tuesday it has acquired P2P Mailing Limited, a provider of worldwide e-commerce transportation solutions, for 92 million pounds ($130.23 million).
FedEx said P2P’s capabilities complement and expand its existing portfolio of offerings that serve the vital fast-growing global e-commerce marketplace.
P2P, is headquartered in Laindon, U.K., provides customers with last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in more than 200 countries. Its technology and processes provide plug-and-play options with carrier networks and customer systems.
P2P will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.
“Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-commerce and social platforms are looking for innovative, cost-effective ways to get merchandise from distribution points in one country to customers in another,” Carl W. Asmus, president and CEO of FedEx Cross Border, said. “By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market.”
Established in 2009, the company offers services such as P2P TRAKPAK, a global tracked delivery solution designed specifically to support e-commerce.
In November, FedEx acquired Northwest Research Inc., a specialist in inventory research and management, saying the company’s proprietary technologies and capabilities would be important to serving the e-commerce marketplace.
UPS Services and Solutions integrated into the Shopify platform late last year in a move that Jerome Roberts, vice president of UPS Global Product Innovation, said would give Shopify merchants “access to UPS’s industry-leading tools and can provide the same high-quality services as large ecommerce companies.”
Meanwhile, FedEx on Monday announced it was making its truck fleet more dynamic and sustainable by placing a reservation for 20 Tesla Semi trucks. The fully-electric trucks, scheduled to begin production in 2019, will be operated by FedEx Freight.
“Our investment in these trucks is part of our commitment to improving road safety while also reducing our environmental impact,” FedEx Freight president and CEO Mike Ducker said.
Tesla says its new big rig will deliver a better experience for truck drivers, while increasing safety and reducing the cost of cargo transport. Its advanced technologies help to aid object detection while enabling enhanced autopilot for automatic emergency braking, lane keeping and lane departure warning. The company also cites electric energy cost savings that are half that of diesel.