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FedEx Ends Ground-Delivery Deal With Amazon

  • Courier says it’s focusing on ‘broader e-commerce market’
  • Domestic air deal between the two companies already expired
Bloomberg business news
FedEx Corp. said it won’t renew a ground-delivery deal with Inc. when it expires at the end of the month.
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FedEx Corp. is snipping another tie with Inc. as the e-commerce giant emerges as a competitor by building its own shipping network.

The ground-delivery contract with Amazon won’t be renewed when it expires at the end of this month, FedEx said in a statement. The decision quickens the company’s retreat from the largest online retailer just two months after FedEx said its Express unit wouldn’t extend an agreement to fly Amazon’s packages in the U.S.