With UPS Out, Amazon Turns to FedEx

05:32am, Tuesday, 13'th May 2025
Amazon.com says it will again be using FedEx for package deliveries.
The deal may signal a thaw in relations between FedEx and Amazon.
Amazon will have FedEx deliver large packages to the retailer's customers for the first time in six years. The companies reached a multiyear agreement that renews a relationship that ended in 2019, Bl
Stocks surged on Monday as the U.S. and China announced a deal to temporarily reduce their high reciprocal tariffs, leading to much optimism that a global economic recession may be avoided.
Amazon says the Memphis, Tenn., company will join other third-party partners including United Parcel Service and the U.S. Postal Service that regularly work alongside Amazon's last-mile delivery netwo
Amazon struck a new partnership with FedEx in late February to handle some parts of its package deliveries, Business Insider reported on Monday, citing an internal document.
Amazon on Monday said its Prime Video streaming service with ads reaches more than 130 million U.S. customers monthly on average, an increase of 15 million people from 2024.
Amazon has partnered with FedEx to fill some delivery gaps left by UPS. UPS announced earlier this year that it would significantly reduce deliveries for Amazon.
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BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc AMZN on Monday with a price target of $230.
The U.S. and China agreed to reduce tariffs on each other's goods for 90 days, boosting global equity markets and easing trade tensions. U.S. tariffs on Chinese imports will drop from 145% to 30%, whi
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The U.S.-China agreement to reduce reciprocal tariffs “likely [takes] a recession off the table for now,” Wedbush analysts said.
Shares of Amazon (AMZN 7.26%) ripped higher nearly 8% as of 11:06 a.m. ET today, after officials from the U.S. and China agreed to pause extremely high tariff levels against one another over the weeke
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