FedEx ending its contract with Amazon for express deliveries in the US is good news for UPS, according to analysts

Business Insider -

Business Insider—FedEx will not renew its contract with Amazon to provide expedited package deliveries for the online retailer in the US through its FedEx Express service. That's good news for UPS, the bank UBS said in a note to investors on Friday. FedEx appears to believe it will fare better with Amazon's e-commerce competitors, UBS said, calling it a good idea in the medium term. But FedEx will probably need time to find new customers to replace the Domestic Express business it received from Amazon, the bank...

FedEx ends express delivery contract with Amazon – TechCrunch. FedEx will not renew a contract with Amazon to provide express delivery for the e-commerce giant’s packages in the United States. FedEx, which made the announcement Friday, said in a statement the change would not affect other existing contracts with Amazon or international services. FedEx Express only impacts air services. FedEx will still serve as [