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FedEx Express Breaks Up With Amazon to Focus on Itself

Tony Owusu

FedEx Express's contract with Amazon will expire on June 30, but the company said the decision doesn't impact any existing contracts its other business units already have with Amazon. The company made sure to note that Amazon isn't FedEx's largest customer and that the total percentage of revenue that is attributable to Amazon is less than 1.3% of its revenue. FedEx has already built out the network and capacity to serve thousands of retailers in the e-commerce space.