FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move - Bloomberg.com
business 2026/05/04 20:22:47

FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move - Bloomberg.com

Source:Bloomberg
Author:Matthew Griffin, Cailley LaPara

US transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

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