UPS, FedEx and Amazon
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FedEx slides 9%, UPS sinks 10% as Amazon supply chain services goes live: How real is the threat?
Quick Read FedEx (FDX) stock and United Parcel Service (UPS) shares dropped sharply as Amazon (AMZN) launched Supply Chain Services as a unified enterprise offering bundling warehousing, freight forwarding,
Amazon's new Supply Chain Services causes FedEx (FDX) to drop 5-6% and UPS (UPS) over 4% as the tech giant enters the freight business with major clients.
United Parcel Service Inc. (NYSE:UPS) and FedEx Corp. (NYSE:FDX) are bracing for fresh turbulence as the end of U.S. de minimis exemptions tightens trade flows, threatening parcel volumes and raising costs just as the critical peak shipping season approaches.
Link: https://www.zacks.com/commentary/2788223/2-air-freight-cargo-stocks-to-watch-from-a-challenging-industry The Zacks Transportation—Air Freight and Cargo ...
Amazon's new Supply Chain Services causes UPS and FedEx stocks to plummet 10% as the retail giant opens its logistics network to all businesses.