Thomas Black, Columnist

Amazon Is the Next Step in FedEx’s Bold Turnaround

Until the noise from tariffs subsides, it'll be difficult to tell how profitable this new business is.

September 23, 2025 at 11:30 AM UTC

Thomas Black is a Bloomberg Opinion columnist writing about the industrial and transportation sectors. He was previously a Bloomberg News reporter covering logistics, manufacturing and private aviation.

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After FedEx Corp. and Amazon.com Inc. went through a noisy divorce in 2019, it was a bit jarring to hear Brie Carere, FedEx’s chief customer officer, welcome back volume from the e-commerce giant with such open arms.

United Parcel Service Inc., FedEx’s larger rival, is going in the opposite direction with Amazon, announcing at the beginning of the year that it was accelerating its “glide down relationship” to shed about $5 billion of business with the company that’s not very profitable.