Amazon And FedEx Rekindle Talks? Reportedly Explored New Collaborative Opportunities

Following a notable split, FedEx Corp FDX and Amazon.com Inc AMZN reportedly explored potential collaborations, seeking mutual benefits.

Last year, discussions between the two behemoths revolved around FedEx accepting Amazon returns at its retail locations, enriching FedEx’s business portfolio, according to a WSJ report.

Amazon, renowned for its partnerships, collaborates with various entities, including FedEx’s rival United Parcel Service Inc UPS, to handle its vast return volumes.

The report noted the talks coincided with FedEx’s efforts to boost parcel volumes amid industry challenges and Amazon’s quest for enhanced return processes for its customers.

It is to be noted that the parties did not reach any deal.

Notably, discussions transpired around the introduction of a fee by Amazon for certain customers bringing returns to UPS stores last spring.

Ties between the giants began to falter in 2019 when FedEx said it would end its delivery contract with Amazon since the former reportedly saw Amazon as an increasing threat due to its fast-growing delivery capabilities.

Price Action: FDX shares are trading lower by 0.50% at $252.04 on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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