Amazon has way more problems than FedEx does. As soon as the Fed started taking interest rates up Amazon announced “Uh we overbuilt our warehouse network.” And we are cancelling over 50 construction projects. Cheap money was their food to grow on.Has Amazon announced plans to begin 3rd party parcel and freight delivery? Not sure what market you live in, but the 6 Amazon warehouses here can’t find enough people to contract for delivery and linehaul so they’ve been using UPS (among many others) and the post office.
You’re right. Amazon is bigger than FedEx but they have completely different businesses that have a common denominator, a truck. If it was otherwise, Amazon would have purchased XPO, AAA Cooper, etc a long time ago.
As interest rates rise Amazon will continue to get into other businesses that do not require hard assets.