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The Latest FedEx Headlines
FedEx to end Amazon contract for FedEx Express plane service
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<blockquote data-quote="cheryl" data-source="post: 4092610" data-attributes="member: 1"><p><a href="https://www.reuters.com/article/us-amazon-fedex/fedex-to-end-amazon-contract-for-fedex-express-plane-service-idUSKCN1T824V" target="_blank"><strong>FedEx to end Amazon contract for FedEx Express plane service - Reuters</strong></a></p><p></p><p>FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house.</p><p></p><p>Amazon has been building out its own delivery network of planes, trucks and vans, a development that is seen posing a potential long-term challenge to FedEx and delivery rival United Parcel Service Inc, both of which count Amazon as a customer.</p><p></p><p>FedEx described the decision as a strategic move that would allow it to focus on the broader e-commerce market, a group that would include rivals of Amazon scaling up one- and two-day delivery. FedEx forecast that the market would double to 100 million packages per day in the United States by 2026.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4092610, member: 1"] [URL='https://www.reuters.com/article/us-amazon-fedex/fedex-to-end-amazon-contract-for-fedex-express-plane-service-idUSKCN1T824V'][B]FedEx to end Amazon contract for FedEx Express plane service - Reuters[/B][/URL] FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house. Amazon has been building out its own delivery network of planes, trucks and vans, a development that is seen posing a potential long-term challenge to FedEx and delivery rival United Parcel Service Inc, both of which count Amazon as a customer. FedEx described the decision as a strategic move that would allow it to focus on the broader e-commerce market, a group that would include rivals of Amazon scaling up one- and two-day delivery. FedEx forecast that the market would double to 100 million packages per day in the United States by 2026. [/QUOTE]
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FedEx to end Amazon contract for FedEx Express plane service
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