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FedEx Caps Business With Certain Customers Due to Coronavirus Strain

Lou Whiteman, The Motley Fool
·2-min read
FedEx Caps Business With Certain Customers Due to Coronavirus Strain

FedEx (NYSE: FDX) has reportedly asked about two dozen retail customers to ease off on the number of shipments they are sending from certain retail locations, complaining the FedEx's network is being overwhelmed by retailer operational changes made due to the COVID-19 pandemic. It might seem odd for a major transport and shipping company to limit the business it does with key customers, but according to a Wall Street Journal report, FedEx has done just that with a number of retailers including Kohl's, Nordstrom, Bed, Bath & Beyond, and Groupon. The issue, according to the report, is changes in the way retailers are entering shipments into the FedEx system.

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