FedEx’s double-edged sword: New rivals Amazon and Uber aim to slash its business - CNBC
Many traditional companies would be scared enough to find themselves facing threats from either Amazon or Uber Technologies — but FedEx is dealing with both.
As the Memphis, Tennessee-based shipping giant prepares to report earnings on Tuesday, FedEx’s cancellation June 7 of its contract with Amazon to deliver packages in the U.S. is just one of a range of threats the world’s second-biggest courier company (behind United Parcel Service) is facing.
Many traditional companies would be scared enough to find themselves facing threats from either Amazon or Uber Technologies — but FedEx is dealing with both.
As the Memphis, Tennessee-based shipping giant prepares to report earnings on Tuesday, FedEx’s cancellation June 7 of its contract with Amazon to deliver packages in the U.S. is just one of a range of threats the world’s second-biggest courier company (behind United Parcel Service) is facing.
