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FedEx Opens New Front in War With Amazon

TheMotleyFool

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FedEx Opens New Front in War With Amazon

FedEx (NYSE: FDX) on Wednesday said it intends to acquire e-commerce platform ShopRunner for an undisclosed price, adding a new dimension to the shipping giant's growing rivalry with Amazon.com (NASDAQ: AMZN).

ShopRunner is a membership program that offers free two-day shipping, free returns, and other benefits when members buy from one of its 100 retail partners. The benefits are similar to what Amazon offers through its Prime service.

Image source: FedEx.

Source Fool.com

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