Amazon and the U.S. Postal Service have finalized a large delivery partnership to handle over 1 billion packages annually. The agreement is expected to cover the majority of Amazon's deliveries and reshapes the competitive position for NYSE:FDX in e commerce shipping.

Amazon, UPS, FedEx and USPS announce new or updated surcharges as gas prices rise, citing higher fuel and transportation costs.

Real estate investment firm Ridgecut Road has purchased a fully occupied industrial property in Edison for $24.5 million. FedEx Ground Package System occupies part of the site with secured trailer parking.

Industry observers note that more details regarding the company’s growth strategy, sales tactics and true autonomy could be revealed during an upcoming investor day event.