The nearly 240 of us who gathered for our Annual Conference in May 2016 heard Kurt Cavano talk about technology, as he usually does for us. His topic three years ago was "20 Things Amazon Has Done That You Need To Know The Impact of Long Term'. One of those 20 things was Amazon's beginning to build their "own in-house network of shipping and delivery services" as the following article confirms.
Now here it is THREE YEARS LATER and we see one impact - FedEx distances itself from Amazon. I can tell you a ton of things we have all learned at each and every meeting over the past two plus decades that gave us a heads up. Now, don't you wonder about those other 19 things Amazon was doing then? If you were there you might remember...
FedEx will no longer provide express shipping for Amazon in the U.S.
CNBC: 6/7/19
FedEx will no longer provide express delivery for Amazon packages in the U.S., as the e-commerce giant continues to expand its own in-house delivery network.
FedEx announced on Friday that it decided not to renew its express U.S. shipping contract with Amazon. The company said in a statement that it was a “strategic decision,” and that the change won’t impact other existing contracts with Amazon, including international shipping.
FedEx added that Amazon was not a huge customer, only accounting for roughly 1.3% of its total revenue in 2018. FedEx stock dropped less than 1% on the news, while Amazon stock did not budge.
Amazon’s representative said in an email statement, “We respect FedEx’s decision and thank them for their role serving Amazon customers over the years.” Read More