FedEx slips after canceling its ground-shipping deal with Amazon (FDX)

FedEx fell as much as 3% Wednesday after the company announced it will cancel its ground-shipment contract with Amazon.
The shipment and logistics company ended its air-delivery contract with Amazon in June.
The open rivalry between the two companies is months young, as FedEx CEO and founder Fred Smith previously called the collaboration "fantastical." Amazon is now investing in its own delivery network to compete with FedEx.
Watch FedEx trade live here.
FedEx shares fell by as much as 3% on Wed