FedEx CEO says Amazon's new logistics service poses no threat to its global network.

FedEx CEO Raj Subramaniam dismissed concerns that Amazon's new Supply Chain Services (ASCS) could threaten FedEx's business, emphasizing that FedEx operates a true end-to-end global logistics network. While Amazon's ASCS offers third-party logistics to external companies, this segment represents only a small part of FedEx's overall operations, which are valued at over $93 billion annually. Analysts also view Amazon's move as more of a rebranding than a significant competitive threat. FedEx's extensive global network and scale remain key advantages that Amazon's service does not currently match.