FedEx ends another delivery deal with Amazon
The surge in ecommerce business has been a double-edged sword for FedEx and UPS
New York — FedEx is snipping another tie with Amazon.com as the ecommerce giant emerges as a competitor by building its own shipping network.
The ground-delivery contract with Amazon will not be renewed when it expires at the end of August, FedEx said. The decision quickens the company’s retreat from the largest online retailer just two months after FedEx said its Express unit would not extend an agreement to fly Amazon’s packages in the US.