FedEx cuts ties with Amazon in sign of new rivalry

FedEx said Wednesday it would stop making ground deliveries for Amazon in the latest sign of competition between the two firms.

The move comes two months after the package delivery giant announced it was ending express service with Amazon as it moves to work with others in the online retail sector.

“This change is consistent with our strategy to focus on the broader e-commerce market, which the recent announcements related to our FedEx ground network have us positioned extraordinarily well to do,” a FedEx statement said.

Amazon has been bolstering its own logistics network and earlier this year offered employees $10,000 to quit their jobs and create their own delivery enterprise.