FedEx leaving Amazon turns up the pressure for one-day delivery  Business Insider

Amazon is increasingly flying your deliveries across the country. But observers say it's not smooth sailing for its in-house cargo airline.

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Amazon is increasingly flying your deliveries across the country. But observers say it's not smooth sailing for its in-house cargo airline.Amazon is increasingly flying your deliveries across the country. But observers say it's not smooth sailing for its in-house cargo airline.

FedEx leaving Amazon turns up the pressure for one-day delivery - Business Insider

Most extensive and up to date airline knowledge base: More than 42,150 aircraft, 6,000 airports and 7,490 airlines, access to fleet lists, worldwide airline schedules and route networks, airline management contacts, airline capacity and frequency analysis, airline PSS directory, up to date airline and route network news. FedEx Corp has decided not to renew its domestic United States contract with Amazon.com for delivery through its cargo carrier FedEx Express (FX, Memphis Int'l), aiming to shift instead to serve Amazon's smaller rivals whose focus is on one- to two-day delivery. The move also reflects Amazon gradually transiting to its own courier fleet and away from FedEx and UPS Airlines (5X, Louisville Int'l), both of which have the e-commerce giant as a customer, Reuters has reported. "FedEx has made the strategic decision to not renew the FedEx Express US domestic contract with Amazon.com, Inc. as we focus on serving the broader e-commerce market," the company said in a statement. "There is significant demand and opportunity for growth in e-commerce which is expected to grow from 50 million to 100 million packages a day in the US by 2026. FedEx has already built out the network and capacity to serve thousands of retailers in the e-commerce space." It added that the decision did not impact any existing contracts between Amazon and other FedEx business units, nor did it relate to international services. FedEx has been pivoting from Amazon for some time, according to the cargo news site FreightWaves, as it is unwilling to deal with a growing quantity of discounted traffic that brings low margins. Amazon accounted for less than 1.3% of the courier’s revenues during 2018, the FedEx statement said. The decision is likely to boost volumes at UPS, while Amazon itself "had a better rate with UPS, so it made no sense for them to use FedEx,” Dean Maciuba from consulting firm Logistics Trends and Insights, told Reuters. In May, Amazon.com broke ground on a new USD1.5 billion cargo facility at Cincinnati Int'l with a scheduled completion date in 2021. It will be the first dedicated facility for its branded Amazon Air freighters, the Cincinnati Enquirer reported. According to the ch-aviation fleets advanced module, Amazon's US dedicated cargo fleet uses forty-six freighters, including B737-800(F)s, B767-200(F)s, and B767-300(F)s sourced from each of ABX Air, ATI - Air Transport International, Atlas Air, and Southern Air. Its European operations use two B737-400(F)s sourced from ASL Airlines France.

FedEx Express to end Amazon contract for US delivery - ch-aviation

Credit Suisse analyst Allison Landry reiterated an Outperform rating on FedEx, but lowered her price target to $184 from $241. She sees the company’s bottom-line coming under more pressure from global economic and trade uncertainty, cost headwinds, and the ending of its contract with Amazon.Credit Suisse analyst Allison Landry reiterated an Outperform rating on FedEx, but lowered her price target to $184 from $241. She sees the company’s bottom-line coming under more pressure from global economic and trade uncertainty, cost headwinds, and the ending of its contract with Amazon.

FedEx Stock Is Still a Buy, Credit Suisse Analyst Says - Barron's

Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart moneyAmid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart money

Is FedEx Corporation (FDX) A Good Stock To Buy?

“The delivery logistics game is heating up: Amazon packages will take their last US flight on FedEx planes later this month. https://t.co/izQGDyPNSd”

Shelly Palmer on Twitter: "The delivery logistics game is heating up: Amazon packages will take their last US flight on FedEx planes later this month. https://t.co/izQGDyPNSd"

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theNewsWorthy with Erica Mandy on Twitter: "FedEx ends express delivery contract with Amazon https://t.co/yqtgPy8GdO"

“$AMZN $FDX FedEx announces Friday that it won't renew its express U.S. shipping contract with Amazon The move comes as Amazon is more aggressively building out its own shipping and delivery network Amazon accounts for less than 1.3% of FedEx's total revenue in 2018 via @cnbc”

Ophir Gottlieb on Twitter: "$AMZN $FDX FedEx announces Friday that it won't renew its express U.S. shipping contract with Amazon The move comes as Amazon is more aggressively building out its own shipping and delivery network Amazon accounts for less than 1.3% of FedEx's total revenue in 2018 via @cnbc"