FedEx and UPS Shares Drop as Amazon Launches Supply Chain Services
Shares of FedEx (FDX) fell by 9% while United Parcel Service (UPS) dropped 10% after Amazon launched its new enterprise-focused Supply Chain Services. The service combines warehousing, freight forwarding, customs brokerage, transportation, and last-mile delivery into a single offering.
Topics: Amazon expansion FedEx logistics supply_chain_services UPS