The U.S. transportation industry hasn’t seen such a mutually agreeable divorce in years.
“To virtually no one’s shock, FedEx Corp. (NYSE:FDX) continued late on June 7 its multi-year process of untethering from Amazon.com, Inc. (NASDAQ:AMZN), announcing it would not renew Seattle-based Amazon’s U.S. domestic flying contract with its FedEx Express unit, which operates domestic and international services through an integrated air-ground network. The action does not affect Amazon’s relationship with FedEx Ground, FedEx’s ground parcel unit. Nor does it affect Amazon’s U.S. last-mile and international business with Memphis-based FedEx.”- According to the article in freightwaves.com and its author Mark Solomon
Read the full story and watch VIDEO HERE