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FedEx Rejoins Amazon to Deliver Bulky Packages—Could This Boost Its Stock?
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FedEx Rejoins Amazon to Deliver Bulky Packages—Could This Boost Its Stock?
Amid a sluggish stock performance and heightened competition in the logistics sector, FedEx Corporation has reignited its relationship with e-commerce titan Amazon, securing a multi-year deal to deliver oversized parcels to residential customers.This development comes as rivals scale back, offering FedEx a timely advantage to reclaim momentum in a market segment with lucrative potential.A Fragile Market StandingFedEx's (FDX) share price recently…
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