FDX INVESTS IN NTE
FDX Corp., the parent company to express carriers Federal Express and RPS,
has invested an undisclosed sum of capital into National
Transportation Exchange Inc., an online auction house for truck capacity in the United
States.
Robert J. Quinn, FDX’s staff vice president of operations analysis, will sit
on NTE’s board of directors. Quinn said FDX invested in NTE because of the company’s
"unique e-commerce solutions for improving ground transportation efficiency."
FDX has announced agreements with several information technology
companies, including software giant SAP AG and an Internet start-up called Global
Logistics Technologies.
NTE signed a recent deal with SAP to make its exchange part of the
mySAP.com software offering, and also aligned with Manugistics.
