Amazon Escalates Its War on FedEx
Amazon.com (NASDAQ: AMZN) has been aggressively building out its in-house delivery capabilities in recent years, emerging as a key competitive threat to longtime delivery and logistics partners like UPS and FedEx (NYSE: FDX). FedEx had said in June that it opted not to renew its contract with the e-commerce giant for expedited FedEx Express service, preferring to instead "focus on serving the broader e-commerce market." Two months later, the companies' rift widened even more after Amazon ceased FedEx Ground deliveries altogether.
As Amazon continues to ramp up one-day deliveries amid the busy holiday shopping season, it just took another shot at its historical shipping partner.
Amazon now delivers the majority of its shipments. Image source: Amazon.
Source Fool.com
