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Windows 7: FedEx will not renew express shipping services for Amazon in U.S.

08 Jun 2019   #1

64-bit Windows 10 Pro
FedEx will not renew express shipping services for Amazon in U.S.

FedEx has made the strategic decision to not renew the FedEx Express U.S. domestic contract with, Inc. as we focus on serving the broader e-commerce market. This decision does not impact any existing contracts between and other FedEx business units or relating to international services. As previously disclosed, is not FedExís largest customer. The percentage of total FedEx revenue attributable to represented less than 1.3 percent of total FedEx revenue for the 12-month period ended December 31, 2018.

There is significant demand and opportunity for growth in e-commerce which is expected to grow from 50 million to 100 million packages a day in the U.S. by 2026. FedEx has already built out the network and capacity to serve thousands of retailers in the e-commerce space. We are excited about the future of e-commerce and our role as a leader in it.

Certain statements in this news release may be considered forward-looking statements, such as statements relating to managementís views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the rate of future global e-commerce growth and our ability to successfully compete in the e-commerce market, our ability to successfully implement operational changes in the expected time frame, our ability to match capacity to shifting volume levels, and other factors which can be found in FedEx Corp.ís and its subsidiariesí press releases and FedEx Corp.ís filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: FedEx - Statement Regarding FedEx Corporationís Relationship with, Inc.

My System SpecsSystem Spec
08 Jun 2019   #2

Win 7 Ult 64-bit

It doesn't say when the current contract runs out.
Expect Amazon's prices to rise when they choose another carrier.
My System SpecsSystem Spec

 FedEx will not renew express shipping services for Amazon in U.S.

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