FedEx and UPS shares had fallen 21% and 28%, respectively, since the Nov. 5 election. President Donald Trump is an advocate for tariffs, and high tariffs are

Amazon has secured a new partnership with FedEx to fill delivery gaps after falling out with UPS, Business Insider has learned.

The deal with FedEx, signed in February, gives Amazon "cost favorability" compared with delivery rival UPS, Business Insider had reported, citing an internal document. The agreement will not replace UPS, Amazon said as FedEx will join its third-party partners, including UPS and the USPS, and work alongside its own last-mile delivery network.