Deals

FedEx to Buy ShopRunner in Quest for Closer E-Commerce Ties

Package Deliveries As Cyber Monday Projected To Hit Pandemic-Fueled $12.7 Billion — Photographer: Christopher Dilts/Bloomberg

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December 2, 2020 at 3:08 PM EST

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FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

ShopRunner will operate as a subsidiary of FedEx Services once the deal is complete, the delivery giant said in a statement Wednesday. FedEx didn’t provide financial terms of the transaction, which is expected to close by yearend.

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