FedEx (FDX) Stock and ServiceNow (NOW) Stock Expand Supply Chain Partnership

TLDR

• FedEx and ServiceNow announced an expanded partnership to integrate FedEx Dataworks logistics data into ServiceNow’s Source-to-Pay workflows.
• The integration will embed data from FedEx’s global network, which generates over 2 petabytes of data daily.
• Three new capabilities are planned: Supplier Insights, Supplier Visibility, and Success Indicators.
• ServiceNow also announced expanded partnerships with Nvidia and Microsoft at its Knowledge 2026 event in Las Vegas.
• FDX stock is up 1.28%, trading at $362.39, though it has declined 8.3% over the past week.

FedEx (FDX) is trading up 1.28% at $362.39 as the company announced an expanded partnership with ServiceNow (NOW) on Tuesday at ServiceNow’s Knowledge 2026 conference in Las Vegas.

FedEx Corporation, FDX

The two companies will integrate logistics data from FedEx Dataworks directly into ServiceNow’s Source-to-Pay procurement platform. The goal is to give procurement teams access to logistics intelligence without leaving their existing workflows.

FedEx’s global network generates more than 2 petabytes of data daily. That data will now feed directly into ServiceNow’s enterprise procurement tools.

The companies are building three specific capabilities as part of the deal. Supplier Insights will let procurement teams pull data from FedEx Dataworks based on network activity. Supplier Visibility will automate supplier assessments during onboarding. Success Indicators will combine ServiceNow supplier data with anonymized FedEx industry benchmarks.

The solution will also use shipment delay data from FedEx’s network to automatically trigger workflows when supply chain disruptions occur.

ServiceNow CEO Bill McDermott called supply chain transformation “the only way forward” and described FedEx as home to “the world’s richest datasets on the movement of goods, people, and commerce.”

FedEx reported annual revenue of $92 billion and employs more than 500,000 people. Despite a 69% return over the past year, the stock has pulled back 8.3% over the past week.

ServiceNow Expands Beyond FedEx

The FedEx deal was just one of several announcements ServiceNow made at Knowledge 2026. The company also deepened its partnership with Nvidia to extend agentic AI governance from employee desktops to data centers.

That includes a new product called Project Arc — an autonomous desktop agent secured by the Nvidia OpenShell runtime and governed by ServiceNow’s AI Control Tower.

Microsoft also expanded its work with ServiceNow to tackle what both companies are calling “AI agent sprawl.” The integration allows customers to apply governance across both ServiceNow and Microsoft 365 environments.

ServiceNow launched a new product called Otto, designed to unify conversational AI, autonomous workflows, and enterprise search into a single platform experience.

Acquisitions Come Into Focus

ServiceNow also gave more detail on its recent acquisitions of Armis and Veza, including the launch of Autonomous Security & Risk.

The new product is built to govern and secure AI agents, identities, and connected assets across an enterprise. ServiceNow says it replaces fragmented security stacks with a single graph mapping every identity, permission, and connected asset.

FDX was up 1.28% at $362.39 at the time of the announcement.

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