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Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs.
Amazon has secured a new partnership with FedEx to fill delivery gaps after falling out with UPS, Business Insider has learned.
Logistics startup Stord said Monday that it's buying a UPS subsidiary Ware2Go for an undisclosed amount. The e-commerce logistics startup is trying to compete against the likes of Amazon and make shipping and fulfillment more accessible to smaller companies.
Amazon and FedEx have entered a package delivery deal, with FedEx becoming "one of several third-party partners to deliver packages" to Amazon customers.
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The acquisition of Ware2Go adds 2.5M SF of fulfillment centers to Stord’s network of facilities in North America and Europe.
Amazon has hired FedEx to handle some of its large package deliveries, the companies said on May 12, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs. Memphis-based FedEx said the multiyear agreement covers residential delivery of select large packages for Amazon.
The Memphis-based delivery company said the multi-year agreement covers residential delivery of select large packages for Amazon. The deal with FedEx, signed in February, gives Amazon "cost favorability" compared with delivery rival UPS,
Stord already had more than 500 clients, including Proactiv, AG1 and True Classic, and the Ware2Go acquisition means Stord will handle close to $10 billion in e-commerce sales
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