description

On Friday FedEx announced it had decided not to renew a contract with Amazon for sending packages through its Express air shipping network. Business Insider reports that the decision will likely result in the loss of millions in potential revenue for FedEx, but analysts say the decision will pan out for the shipping carrier in the long run. FedEx's long-term play is for carrying more profitable packages without growing volume to keep up with Amazon's rapid growth.

general info

  • Uploaded    06/10/2019
  • Business & Finance
  • Michael Kors Turned His Mom's Basement Into A $5.78 Billion Fashion Ju...
  • U.S. to send troops to Saudi after oil attacks
  • Stocks drop after China cancels Montana farm trip
  • Battling invasive fish with bows and arrows
  • Stocks Fall: China Cancels U.S. Farm Visits
  • WeWork: From $47 Billion Valuation To Tanking IPO
  • Reactions to latest trade headlines are an "absurdity" - analyst
  • What to watch in the week ahead
  • Trump says China's agricultural purchases not enough