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FedEx won’t renew Amazon ground-delivery contract

United Press International by United Press International
August 7, 2019
in Business & Lifestyle, Business News, Financial News
Reading Time: 2 mins read
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MEMPHIS/SEATTLE (UPI) — FedEx said Wednesday that it will not be renewing its ground-delivery contract with Amazon after it expires in August. “This change is consistent with our strategy to focus on the broader e-commerce market,” FedEx said in an emailed statement to Business Insider. The courier company has been working to increase its delivery network through e-commerce and the company said it is “extraordinarily” well-positioned to shift its focus. The announcement comes two months after FedEx said it had decided to allow its express delivery contract with Amazon to also expire, stating that the decision to do so was strategic in order to concentrate “on serving the broader e-commerce market.” Since 2015, Amazon has been creating a network that includes drones and autonomous delivery devices while expanding its warehouse center and testing its own delivery service in order to bolster its internal delivery system to save money. FedEx has suggested Amazon might be a growing threat, stating in its 2018 annual report that if “current customers, such as Amazon.com, become competitors and bundle transportation with other services, it will reduce our revenue and could negatively impact our financial condition and results of operation.” In a statement Wednesday, Amazon said FedEx has been a “great partner” and it appreciates their relationship. “We are constantly innovating to improve the carrier experience and sometimes that means reevaluating our carrier relationships,” an Amazon spokesman said in a statement. Reporting by Darryl Coote
United Press International
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United Press International is an international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines and radio and television stations for most of the 20th century.

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Some rights reserved 2017-2023 by Heartland Newsfeed, a subsidiary partnership by Heartland Internet Media Networks and Heartland Media Group of Central Illinois LLC. Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record. JNews theme designed and developed by Jegtheme.

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