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The press release isn't very clear about exactly which contract isn't being renewed. Other news sources[1] indicate that it's specifically the air delivery cont
by kevan 7y ago
The press release isn't very clear about exactly which contract isn't being renewed. Other news sources[1] indicate that it's specifically the air delivery contract. Not exactly a surprise with events like this[2] in recent memory.
[1] https://www.bloomberg.com/news/articles/2019-06-07/fedex-says-it-won-t-renew-amazon-s-u-s-air-delivery-contracts https://www.bloomberg.com/news/articles/2019-06-07/fedex-say...
[2] https://www.marketwatch.com/story/jeff-bezos-breaks-ground-on-15-billion-amazon-air-hub-near-cincinnati-2019-05-14 https://www.marketwatch.com/story/jeff-bezos-breaks-ground-o...
- toomuchtodo 7y agoIf I was FedEx, I too would dump Amazon and let some other sucker deal with their race to the bottom demands. Having no pricing power as a vendor is a fool’s errand, and Amazon will steamroll you.