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Amazon and FedEx reach multiyear deal for large package deliveries after UPS cuts back
FedEx and Amazon have signed a multiyear agreement for residential delivery of select large packages. Amazon has hired FedEx to handle some of its large package deliveries, the companies said on May 12, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs.
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FedEx Stock Gains On Tie-Up With Amazon For Large Packages, Retail’s DividedFedEx (FDX) stock rose nearly 7% on Monday after reports said that Amazon has roped in the company to deliver large packages.
FedEx will start delivering Amazon packages for the first time since 2019, the companies confirmed on Monday. The partnership will involve FedEx delivering “select large packages,” a FedEx ...
The Memphis-based delivery company said the multi-year agreement covers residential delivery of select large packages for Amazon. Sign up here. The deal with FedEx, signed in February, gives ...
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