FedEx Ends Its Amazon Deal
Not being an Amazon partner may make FedEx more attractive to major retailers such as Walmart and Target, which are looking to match Amazon when it comes to shipping speed. In this segment of Industry Focus: Energy, host Nick Sciple and Motley Fool contributor Dan Kline talk Amazon and FedEx. It was always like, "Yeah, we'll work together, but we'll use the Post Office or UPS first." And for FedEx, this is one of those, if you're not going to have a major chunk of your business come from Amazon, you're better off going to Walmart and Target and all the other big retailers out there and saying, "Look, we don't deal with Amazon. Ravi Shanker from Morgan Stanley said, "We believe FedEx's strategic break up with Amazon is a watershed moment for the parcel industry that signals Amazon's emergence as a significant player in the industry and brings a new level of risk to numbers at both UPS and FedEx."