Friday, March 29

Tag: FedEx Amazon shipment

FedEx will stop delivery of Amazon products
BUSINESS

FedEx will stop delivery of Amazon products

World's leading logistics platform FedEx is dropping a contract for air shipment of packages for Amazon within the United States, reducing its ties with the online retail giant that is already expanding its own delivery business. FedEx said it will not renew the contract for domestic FedEx Express handling of Amazon shipments when the deal expires June 30. It's "a strategic decision" that will let FedEx focus on thousands of other retailers including Target, Walgreens and Walmart, company spokeswoman Katie Wassmer. On FedEx decision, Amazon in its reply said, "We respected FedEx's decision and thanked the delivery company for serving Amazon customers over the years." Amazon has been expanding its fleet of planes and is building package-sorting hubs at two airports. It's also l...