article thumbnail

FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic. FedEx acquired TNT Express in 2016 for boosting its B2B shipments, and Last Mile Experts Managing Partner Marek Ró?ycki

Memphis 215
article thumbnail

SoftBank’s Vision Fund 2 Prepping Future Investments

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
article thumbnail

Listen: Opportunities in crypto for banks, FIs

BankInovation

This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based based Strategic Resource Management (SRM) in this episode of "The Buzz" […].

Memphis 98
article thumbnail

COVID-19 Vaccine Could Complicate Holiday Shipping Delays

PYMNTS

“Every mode of shipping is already under tremendous pressure due to COVID-19-related and holiday shopping constraints, and vaccine delivery just adds another element of disruption to the already fragile mix," said Sean Maharaj, managing director in the logistics practice of AArete, a global consulting firm, to USA Today.

Michigan 179
article thumbnail

FedEx Offers $40K-$110K Bonuses To Keep Pilots Flying

PYMNTS

According to news from Reuters , two senior FedEx managers revealed that the company has offered cash bonuses to keep retiring pilots in the air through the holiday shipping season that goes from Thanksgiving to the end of the year. While the company might be set for this year, problems could arise in the near future.

Memphis 109
article thumbnail

Fixing Meal Delivery By Ditching The Subscriptions 

PYMNTS

Other popular reasons to bow out of meals on subscription include the service being too complicated to manage, recipes being too limited or having learned how to cook from using the service and no longer needing it. So far the only city it has launched in is Memphis — though Nashville and eventually urban areas across the U.S.

Memphis 103