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The deal may signal a thaw in relations between FedEx and Amazon.
Amazon will have FedEx deliver large packages to the retailer's customers for the first time in six years. The companies reached a multiyear agreement that renews a relationship that ended in 2019, Bloomberg reported Monday (May 12).
Fortune and Korn Ferry's survey identified the top 50 Most Admired Companies, focusing on criteria like investment value, management quality, and social responsibility. Four dividend-paying companies, including Pfizer and Nordstrom, met the "safer" qualification with free cash flow yields exceeding dividend yields. Analysts estimate net gains of 19.58% to 41.46% for top Fortune 50 WMA companies by May 2026, with Novo Nordisk leading.
Amazon says the Memphis, Tenn., company will join other third-party partners including United Parcel Service and the U.S. Postal Service that regularly work alongside Amazon's last-mile delivery network to balance capacity.
Amazon struck a new partnership with FedEx in late February to handle some parts of its package deliveries, Business Insider reported on Monday, citing an internal document.
Amazon has partnered with FedEx to fill some delivery gaps left by UPS. UPS announced earlier this year that it would significantly reduce deliveries for Amazon.
The U.S. Postal Service Board of Governors selected former Waste Management CEO David Steiner as postmaster general. Steiner, who is a board member of shipping giant FedEx, will succeed former Postmaster General Louis DeJoy, who resigned in March.
The U.S. Postal Service Board on Friday said it named David Steiner, a FedEx board member and former CEO of Waste Management, as the new postmaster general after the White House pressured the prior leader to resign in March.
Yahoo Finance anchor Josh Lipton breaks down the market trends for May 7, 2025. Stocks close higher as the Fed holds rate steady.
Yahoo Finance host Julie Hyman spoke with FedEx CEO and president Raj Subramaniam at the company's Memphis headquarters to get a better sense of how the shipping and logistics titan perceives the Trump administration's deluge of tariff policies. Subramaniam emphasized FedEx's adaptability to shifting supply chains and demand, its ability to scale services, and how retailers and customers are responding to new tariff prices.