FedEx to end ground delivery business with Amazon

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

FedEx will no longer make ground deliveries for Amazon as the online shopping giant builds its own fleet and becomes more of a threat to delivery companies.

The announcement Wednesday comes two months after FedEx already terminated its air delivery contract with Amazon. FedEx said dumping Amazon is part of its plan to go after more e-commerce deliveries from other companies.

At the same time, Amazon is growing its own fleet of air and ground transportation, giving it more control of how its packages are delivered while reducing its reliance on FedEx, UPS and the U.S. Postal Service. The Seattle-based company has been leasing jets, building package-sorting hubs at airports and has launched a program that lets contractors start businesses delivering packages in vans stamped with the Amazon logo.

"I mean, we look at Amazon as a wonderful company and service, and they're a good customer of ours," said FedEx Chairman and CEO Fred Smith during an earnings call in December. "We don't see them as a peer competitor at this point in time. For many reasons, we think it is doubtful that that will be the case."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Probably 50% of their business...

Check out townofwidows on cbcdocs everyone puffpuffpass

Canada Canada Latest News, Canada Canada Headlines