Amazon business
Looks like they, "no worries, they're just a good customer of ours, less than 3% of total business etc." rhetoric is about to change.
FedEx decides not to renew U.S. express contract with Amazon
Jun. 7, 2019 1:24 PM ET|About: Amazon.com, Inc. (AMZN)|By: Clark Schultz, SA News Editor
FedEx (FDX +0.6%) is down sharply from its earlier trading level after CNBC reports that the company has made the "strategic decision" not renew the FedEx Express U.S. domestic contract with Amazon (AMZN +2.5%).
The decision is said to not impact existing contracts between Amazon and other FedEx units or relate to international services.