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12/16/2019, 9:00 PM (Source: TeleTrader)
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Amazon bans sellers from FedEx Ground delivery - report

Amazon.com Inc. is blocking third-party retailers from using FedEx Corp.'s ground delivery network for Prime shipments due to a "decline in performance," the Wall Street Journal reported on Monday.

The ban, which started this week, is set to last until "the delivery performance of these ship methods improves," an email from Amazon showed.

Amazon previously stopped using FedEx deliveries for its own products but allowed third-party sellers to continue using the service.

FedEx shares were down 1.12% at 2:56 pm ET following the report.

Breaking the News / MD