FedEx’s new deal comes nearly six years after its express business dropped Amazon, and about four months since archrival UPS cut its Amazon business in half
FedEx Corp. said that, following about a year of talks, it has a new delivery deal with Amazon.com Inc., which comes some five years after the two companies pared their delivery partnership.
The deal also comes nearly four months after FedEx (FDX) rival United Parcel Service Inc. (UPS) said it was cutting its business with Amazon (AMZN) by more than half, because it wasn’t profitable.
FedEx assured investors that the business would make money, especially since the deliveries would be of the higher-margin variety – big and bulky, and to less populated places.
