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
  • U.S. hands Novavax $1.6b to work on COVID-19 vaccine
  • Investors bet more stimulus to come: analyst
  • Lufthansa to cut a fifth of leadership jobs
  • Deutsche Bank to pay $150 mln penalty over Epstein
  • Walmart to soon launch Amazon Prime rival -report
  • United warns of lower bookings, furloughs
  • Walmart's Amazon Prime Rival May Launch Soon
  • ‘No commitment’ to act at Facebook -boycott organizers
  • Wall Street drops after strong rally