FedEx to buy stake in automation tech company

FedEx has agreed to buy a 10% ownership stake in logistics technology company Berkshire Grey and to buy $200 million of automation equipment and services. “Our growing relationship with Berkshire Grey for robotic automation is a direct response to the growth of e-commerce, which has accelerated the demand for reliable automated solutions throughout all stages of the supply chain,” said Rebecca Yeung, FedEx’ corporate vice president of operations science and advanced technology.