FedEx Rising After Amazon Lifts Ban on FedEx Ground for Third-Party Prime Shipments
January 14 2020 - 3:37PM
Dow Jones News
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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