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Amazon Shifting Business Away from Fedex to UPS
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<blockquote data-quote="worldwide" data-source="post: 1350908" data-attributes="member: 2193"><p><strong>FedEx </strong>(NYSE: FDX) may be losing <strong>Amazon </strong>(NASDAQ: AMZN) as a customer, an analyst speculated Thursday.</p><p></p><p>In a conference call Thursday, FedEx told investors it had lost "one large customer" for its FedEx SmartPost service in the recent quarter, driving down volume for the segment by eight percent.</p><p></p><p>FedEx didn't identify the customer, but Ben Schachter of Macquarie believes "it's highly likely that Amazon is moving traffic away from FedEx and tendering packages directly to UPS for final-mile delivery."</p><p></p><p><a href="http://www.benzinga.com/analyst-ratings/analyst-color/14/06/4646918/macquarie-analyst-amazon-shifting-business-away-from-fed" target="_blank">http://www.benzinga.com/analyst-ratings/analyst-color/14/06/4646918/macquarie-analyst-amazon-shifting-business-away-from-fed</a></p></blockquote><p></p>
[QUOTE="worldwide, post: 1350908, member: 2193"] [B]FedEx [/B](NYSE: FDX) may be losing [B]Amazon [/B](NASDAQ: AMZN) as a customer, an analyst speculated Thursday. In a conference call Thursday, FedEx told investors it had lost "one large customer" for its FedEx SmartPost service in the recent quarter, driving down volume for the segment by eight percent. FedEx didn't identify the customer, but Ben Schachter of Macquarie believes "it's highly likely that Amazon is moving traffic away from FedEx and tendering packages directly to UPS for final-mile delivery." [url]http://www.benzinga.com/analyst-ratings/analyst-color/14/06/4646918/macquarie-analyst-amazon-shifting-business-away-from-fed[/url] [/QUOTE]
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