08:46 AM EDT, 03/19/2024 (MT Newswires) -- (Updates third paragraph with response from FedEx ( FDX ), and other minor edits)

FedEx ( FDX ) and Amazon ( AMZN ) engaged last year in talks to expand their business with each other, the Wall Street Journal reported Monday, citing a person familiar with the matter.

The two companies halted cooperation in 2019. But in talks last year FedEx ( FDX ) considered accepting returns of Amazon ( AMZN ) packages at its retail outlets like United Parcel Service ( UPS ) does at its network of shipping and packaging centers, the person told the Journal. A deal did not materialize.

FedEx's ( FDX ) spokesperson Caitlin Adams Maier said the company already does business with Amazon ( AMZN ) through its Seller Fulfilled Prime and Marketplace programs. "We are always open to having commercial conversations when approached with an opportunity by a current or potential customer," she said in an email response to a query by MT Newswires. "These conversations are a normal course of business."

Amazon ( AMZN ) did not reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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