By Will Feuer


FedEx Corp. and Microsoft Corp. are partnering on a new logistics service for e-commerce businesses as part of the companies' multi-year collaboration agreement.

The partnership will include using Microsoft technology to analyst data collected throughout FedEx's delivery network, the companies said Monday.

"More than ever, it's clear just how critical having a resilient supply chain is for every organization's success in the modern economy," Microsoft Chief Executive and Chairman Satya Nadella said.

Shares of FedEx were more than 1% lower in premarket trading, while Microsoft stock was down less than 0.5%. Microsoft is slated to report its quarterly earnings on Tuesday.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-24-22 0834ET