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Amazon and FedEx have signed a package distribution agreement.
Business Insider cites internal documents and a new agreement with the e-commerce giant Delivery company The ink was applied in late February.
Under this agreement, FedEx will transport several packages Amazon customers have ordered at the door on behalf of the e-commerce giant. According to the outlet.
A FedEx Ground Transport Truck in San Ramon, California, March 3, 2022. (Smith Collection/Gad/Getty Images/Getty Images)
Amazon spokesman Steve Kelly said Fox Business The company “has reached an agreement with FedEx to act as one of several third-party partners to deliver packages to customers.”
FedEx “joins other third-party partners, such as UPS and USPS. This will help us balance our ability to work with our own final miles distribution network to provide the best service to our customers,” he said.
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In the US, delivery of more than two-thirds of Amazon’s packages is handled by its own logistics network. According to Amazon.
On July 4th, 2022, the Amazon Amagasaki Fulfillment Center is located in Amagasaki, Japan. (Kazuhiro nogi/afp via/getty images)
“FedEx has the global network, capacity and expertise to meet the delivery needs of thousands of retailers in the e-commerce field. We have reached a mutually beneficial multi-year agreement with Amazon to provide housing in select packages, including large items.”
Business Insider reported an internal document that states that Amazon experiences “cost favors” compared to UPS through its partnership with FedEx.
UPS For a long time, he has been Amazon’s third-party streaming partner. In January, IT and Amazon agreed to trim more than 50% of the amount of Amazon packages the e-commerce giant handles.
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According to Amazon, the purpose of the new partnership with FedEx is not to take it in place of UPS.
FedEx had previously partnered with Amazon, which included a contract to make our ground delivery. The contract ended in 2019.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| amzn | Amazon.com Inc. | 212.59 | +3.95 |
+1.89% |
| FDX | FedEx Corp. | 232.95 | +15.12 |
+6.94% |
Brie Curraille, executive vice president and chief customer officer at FedEx, told the delivery company “just signed a new contract” with Amazon at the Bank of America meeting Monday. According to Seekingalpha transcripts.
She said the yields are “taxed on the system averages in the domestic market.”
“We have a very unique feature that covers all postcodes in the US. We also run better on packages that are heavier and more cumbersome than anyone else,” she said, adding that the business will be “mainly a big package.”
When asked if the package was bulky or cargo, Carere said, “We’re going to move to the surface network.”
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“It’s not that big as it will become part of the FedEx ground portfolio,” she explained. “It’s going to be a parcel, but it’s heavy. It pushes up the average weight per package and boosts the yield.”
The FedEx logo sign can be seen on the side of the building. (Beata Zawrzel/Nurphoto via Getty Images)
Carere told the host “not our biggest customer” to the touch of FedEx[s] Good about “a new contract with Amazon.”
