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The Bad: Unshipping FedEx and Amazon

FedEx Corp. (NYSE: FDX) and Amazon.com Inc. (Nasdaq: AMZN) are not seeing each other anymore.

This morning, FedEx announced it’ll end its ground shipping relationship with the online retailer. That’s a shame, really.

They were a really cute “ship.” Amazon has packages, FedEx ships packages. It was a match made in heaven.

But FedEx no longer meets Amazon’s needs, apparently. The retailer is now shipping more of its own packages, leaving FedEx out in the cold.

“This change is consistent with our strategy to focus on the broader e-commerce market,” FedEx stated.

While the company doesn’t come right out and say it, we all know FedEx is hurting more on the inside after this breakup. But FedEx will be OK. The question remains: Can Amazon really handle all its own shipping? That remains to be seen.

FDX shares are down more than 2% on the news, while Amazon’s stock was relatively flat.