"FedEx has made the strategic decision to not renew the FedEx Express US domestic contract with Amazon.com as we focus on serving the broader e-commerce market," Carl Quintanilla, CNBC Journalist tweeted a screenshot of FedEx's statement.
"The decision does not impact any existing contracts between Amazon and other FedEx business units or relating to international services," the statement added.
However, the decision did not really come as a surprise to Amazon, the report said.
Currently, Amazon oversees a massive warehouse, air hub, and cargo freight logistics network in addition to its growing network of Flex personal delivery drivers, which are employed using an Uber-like contract model.
"We respect FedEx's decision and thank them for their role serving Amazon customers over the years," the report quoted an Amazon spokesperson as saying.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)