FedEx to end express shipping service for Amazon, bet on other retailers

As Amazon has built its own delivery capacity through a fleet of airplanes and same-day couriers, the internet giant has been able to ship more of its products on its own and control its costs

It's unusual when a major corporation boasts about its decision to cut back on doing business with Amazon.

But FedEx's announcement on Friday that it would not renew its contract to provide express shipping service for Amazon in the United States was a signal that it believes e-commerce is bigger than just one company. FedEx said its "strategic decision" would allow it to focus on "serving the broader e-commerce market."

"FedEx has already built out the network and capacity to serve thousands of retailers in the e-commerce space, including brands such as Target, Walgreens and Walmart,'' a FedEx spokeswoman said in a