Amazon loses contract with FedEx Express as it builds out competing delivery network

FedEx has decided not to renew one of its shipping contracts with Amazon amid increased competition between the two companies, according to CNBC. The contract in question is Amazon’s FedEx Express contract, which according to Amazon is used for air transportation of packages and is not used for last-mile, ground deliveries. As previously reported, Amazon Prime’s two-day deliveries are mostly handled by UPS, and Amazon says its contracts with FedEx to handle any other logistics, incl