FedEx and Amazon part ways with shrugs, and maybe a few smiles (with video)

The U.S. transportation industry hasn’t seen such a mutually agreeable divorce in years.

“To virtually no one’s shock, FedEx Corp. (NYSE:FDX) continued late on June 7 its multi-year process of untethering from Amazon.com, Inc. (NASDAQ:AMZN), announcing it would not renew Seattle-based Amazon’s U.S. domestic flying contract with its FedEx Express unit, which operates domestic and international services through an integrated air-ground network. The action does not affect Amazon’s relationship with FedEx Ground, FedEx’s ground parcel unit. Nor does it affect Amazon’s U.S. last-mile and international business with Memphis-based FedEx.”- According to the article in freightwaves.com and its author Mark Solomon

Read the full story and watch  VIDEO HERE

Source and credits: freightwaves.com / Mark Solomon

“UPS Inc. (NYSE:UPS) said May 22 that it placed the largest order for renewable natural gas (RNG) in U.S. history with the purchase of 170 million gallon equivalents of the alternate fuel over the next seven years”. -According to article in freightwaves.com and its author Mark Solomon

Read full story HERE

Source and credits : freightwaves.com / Mark Solomon, Managing Editor

CONTACT US

Get on the road with us

JOIN