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Amazon USPS Delivery Pact Poses New Questions For FedEx Investors
Amazon and the U.S. Postal Service have finalized a large delivery partnership to handle over 1 billion packages annually. The agreement is expected to cover the majority of Amazon's deliveries and reshapes the competitive position for NYSE:FDX in e commerce shipping. This development introduces a sizable shift in how Amazon routes parcels that might otherwise flow through private carriers. FedEx, trading as NYSE:FDX, is a major global logistics and parcel delivery company with significant...
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