FedEx Corporation has announced the acquisition of RouteSmart Technologies, a global leader in route optimization solutions. With over 40 years of expertise, RouteSmart specializes in providing critical technology for industries like newspaper delivery, postal and parcel services, public works, utilities, field services, and waste collection.
This strategic move combines RouteSmart’s state-of-the-art technology with FedEx’s extensive global physical and data networks. The acquisition aims to further streamline FedEx’s operations and enhance its suite of technology solutions, ultimately driving smarter and more efficient supply chains worldwide.
This marks another major step in our mission to revolutionize logistics and make supply chains smarter for everyone, said Raj Subramaniam, President and CEO of FedEx Corp. Our vast physical network generates immense amounts of data with crucial insights about the global supply chain. Integrating RouteSmart’s advanced platform will help us deploy comprehensive route optimization capabilities, enabling our team to work safer and smarter while delivering exceptional customer service.
The acquisition builds on a long-standing relationship between the two companies, as FedEx has been using RouteSmart’s Routing as a Service (RaaS) tool for years in its ground operations. The RaaS platform also powers FedEx’s internal Route Optimization (FRO) tool, which is being rolled out globally as part of the company’s network transformation strategy.
Larry Levy, President of RouteSmart Technologies, shared his excitement about the strengthened partnership, stating, We are thrilled to deepen our relationship with FedEx and contribute to driving efficiency across its global operations while continuing to serve our other clients across industries.
RouteSmart, headquartered in Columbia, Maryland, will operate as a standalone entity under FedEx Dataworks, a subsidiary of Federal Express Corporation. The company will continue to provide its cutting-edge solutions to customers across multiple industries.
