A FedEx delivery truck in Fort Lauderdale, Florida. The FedEx company announced today it will stop delivering ground shipments for the Amazon company. — AFP
FedEx Corp’s retreat from handling packages for Amazon.com Inc signals that the lines are being drawn in the battle over surging e-commerce shipments.
The end of two delivery contracts with Amazon means FedEx will have to make up for the lost sales by extending a push to serve other customers such as Walmart Inc. Amazon will have to rely more on United Parcel Service Inc and the US Postal Service as it seeks to fulfill a pledge for next-day delivery to top customers – and build out its own shipping network.
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