Roughly two months after FedEx announced that it made a strategic decision not to renew the FedEx Express U.S. domestic contract with Amazon, reports issued last month said it's also severing ties with the global e-commerce bellwether on the ground side. In a FedEx statement issued at the beginning of August, the company noted that the FedEx Ground delivery contract with Amazon would not be renewed when it expired at the end of August. It added that this move is consistent with the company's strategy to focus on the broader e-commerce market, which echoed the statement made in its early June announcement regarding exiting the Express contract with Amazon.
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