FedEx Unveils Same-Day Delivery Options to Compete with Amazon and Walmart

FDX has launched FedEx SameDay Local, a new delivery service developed in partnership with last-mile logistics company OneRail, offering retailers two-hour and end-of-day delivery windows. The service leverages OneRail's network of more than 1,000 carriers and 12 million delivery drivers, which the company says covers nearly 99% of the U.S. and already handles 80,000 deliveries in 30 minutes or less per day. Retailers using the service will have control over whether to pass shipping costs on to shoppers or absorb them into merchandise pricing.

The move comes as competition in the last-mile delivery space intensifies. AMZN recently announced one-to-three-hour delivery windows for Prime members at a $10 fee, while WMT and TGT have expanded their own express delivery options. FedEx's approach differs by positioning itself as an enabler for mid-size and large retailers that lack their own logistics networks, allowing them to tap into store-based fulfillment through OneRail's technology platform.

FedEx shares were trading near $349.55 as of March 27, well below the average analyst 12-month price target of $402. The company recently raised the midpoint of its fiscal 2026 EPS guidance by 7% to a range of $19.30 to $20.10, and BofA Securities lifted its price target to $440. Investors will be watching whether FedEx SameDay Local can meaningfully expand the company's e-commerce market share against entrenched competitors with their own delivery infrastructure.