FedEx Corp (NYSE: FDX) and salesforce.com, inc. (NYSE: CRM) entered a new multi-year partnership to deliver fast and easy shipping, end-to-end e-commerce, and supply chain management. The financial terms of the deal were not disclosed.
The partnership integrates Salesforce Commerce Cloud and Salesforce Order Management with capabilities from FedEx and ShopRunner.
The single platform will manage the e-commerce journey of the brands and merchants from promotion and purchase to delivery and returns.
FedEx and Salesforce plan to launch the first solution to customers in the U.S. in the Spring of 2022 and announce the pricing at the time of general availability.
Price Action: FDX shares are trading lower by 2.15% at $256.15, and CRM lower by 0.20% at $253.59 on the last check Tuesday.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.