Fedex Express Dumps Amazon as Customer

[WayOutWest]

From Barron's:
 

FedEx decided to dump Amazon.com as a customer on Friday, saying it would focus instead on doing business with other online retailers. The move underscores the extent to which Amazon has become a serious competitor to existing logistics providers. But it also shows that FedEx believes it doesn’t need Amazon’s high-volume business to thrive.

“FedEx has made the strategic decision to not renew the FedEx Express U.S. domestic contract with [Amazon] as we focus on serving the broader e-commerce market,” FedEx said in a statement. Amazon accounts for 1.3% of FedEx sales, according to FedEx.

read entire article at: https://www.barrons.com/articles/fedex-dumps-amazon-51559941071

Of course, Amazon would probably have ended up dumping Fedex, since they're building out their own delivery network.  I suspect Fedex felt it would look better to investors if Fedex did the dumping, but I could be wrong.

[uncleleroy]

Fed Ex doesn't guarantee much of anything anymore for deliveries so it is no big loss, imho. With Amazon going to 1-day delivery, maybe this is the straw that broke the camel's back?

Fed Ex sucks anyway, at least around here. Throw packages into the yard, put them right in front of the door so it can't be opened from the inside, put them on the bottom step that is exposed to the rain/snow when my porch itself is covered. Lazy worthless