How much did FedEx pay for InPost?
Following the catastrophic devastation caused by Hurricane Katrina in 2005, the Federal Emergency Management Agency (FEMA) distributed billions of dollars in disaster relief and individual housing assistance to displaced residents across the Gulf Coast. In the immediate aftermath, FEMA provided rapid $2,000 debit cards for emergency needs, alongside rental assistance and trailer placements. Overall, federal disaster assistance related to Katrina housing, immediate needs, and individual household grants totaled over 6 billion to 7 billion US dollars, helping hundreds of thousands of families manage emergency relocation and temporary shelter expenses.
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International cross-border parcel deliveries managed through InPost typically take between 3 to 5 working days from the next working day after the parcel is initially posted, depending heavily on the specific European destination country.
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FedEx participated as a key partner in a consortium alongside private equity firm Advent International to launch a major multi-billion-dollar buyout offer to acquire InPost, a prominent European automated parcel locker specialist.