FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move
US transportation stocks plunged Monday morning 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...
By Matthew Griffin, Cailley LaPara · Bloomberg Markets
US transportation stocks plunged Monday morning 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.