FedEx Boss Dismisses Threat From New Amazon Logistics Service

The CEO of FedEx says Amazon ’s new supply chain service is no threat to his company. “Last week’s announcement versus what FedEx operates is completely different,” Raj Subramaniam told CNBC’s Jim Cramer during a Tuesday (May 12) edition of the “Mad Money” program. “FedEx is a true end-to-end global network.” The announcement he referred to is Amazon’s Supply Chain Services (ASCS), which gives companies outside of its marketplace merchants access to the eCommerce giant’s shipping, distribution a