FedEx Rising After Amazon Lifts Ban on FedEx Ground for Third-Party Prime Shipments

Date : 01/14/2020 @ 8:37PM
Source : Dow Jones News
Stock : FedEx Corp (FDX)
Quote : 149.3  0.9 (0.61%) @ 5:22PM

FedEx Rising After Amazon Lifts Ban on FedEx Ground for Third-Party Prime Shipments

FedEx (NYSE:FDX)
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FedEx Corp. (FDX) shares were higher in afternoon trading, recently up 3% to $163.60 after Amazon.com Inc.(AMZN) lifted its ban on FedEx Ground for third-party prime shipments.

Amazon on Tuesday notified third-party merchants they could once again use FedEx's Ground network to ship orders placed under Amazon's Prime membership program, The Wall Street Journal reported.

Amazon in December blocked its third-party sellers from using FedEx's Ground delivery for Prime shipments, citing a decline in performance, WSJ reported at the time.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

January 14, 2020 15:22 ET (20:22 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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