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FedEx shares have added close to one-quarter of their value this year so far. FedEx on Tuesday announced a same-day delivery service using the shipping giant's new partnership with OneRail, a last-mile delivery service. Customers shopping with FedEx's retail partners will see options for two-hour and same-day delivery, with the packages set to be delivered by OneRail's more than 1,000 driver network that covers around 98.5% of the U.S. population. Senior vice president of FedEx's digital portfolio Jason Brenner said in a release that the program will "provide our customers with a scaled solution to give the delivery options customers want." Why This Matters to Investors With its latest move, FedEx joins a growing list of companies investing in getting products to American consumers faster. The new partnership comes just days after Amazon announced new rapid delivery options with one-hour and three-hour delivery of over 90,000 products like cleaning supplies and clothes. Target includes same-day delivery with its Target Circle 360 membership, and Walmart offers same-day delivery services on a range of grocery items. Late last year, Walmart CFO John David Rainey said Walmart was considering adding more "dark stores" to its network to help Walmart speed up its e-commerce shipping.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
