Uber May Be a Threat to Travel, But Not Logistics Says FedEx CEO
Photo Credit: Uber is expanding into the logistics business with a same-day delivery service in New York City. Pictured is an Uber driver. Uber
Skift Take
FedEx is too big to worry about pesky Uber nipping at its heels in the same-day delivery business. Still FedEx CEO Frederick Smith could be downplaying Uber's potential for diversifying beyond its core people-transportation business.
If Uber's controversial $17 billion valuation hinges on its expansion into businesses like logistics with its same-day delivery service Uber Rush, then FedEx CEO Frederick Smith isn't buying the premise.
Smith, who says he "has" an Uber app and was introduced to Uber by his daughter, argues that Uber won't "be a major factor in the logistics business for the simple reason that the dema
