FedEx Corp. (FDX) shares were higher in afternoon trading, recently up 3% to $163.60 after Amazon.com Inc.(AMZN) lifted its ban on FedEx Ground for third-party prime shipments.
Amazon on Tuesday notified third-party merchants they could once again use FedEx's Ground network to ship orders placed under Amazon's Prime membership program, The Wall Street Journal reported.
Amazon in December blocked its third-party sellers from using FedEx's Ground delivery for Prime shipments, citing a decline in performance, WSJ reported at the time.
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January 14, 2020 15:22 ET (20:22 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.