U.S. transportation stocks tumbled Monday after Amazon expanded its logistics services, ramping up competition across parcel delivery, air freight, and trucking. FedEx and UPS among the biggest losers, as investors worried Amazon’s push could disrupt the traditional transportation ecosystem. The drop came while the sector was near record highs, leaving it exposed to a fast correction.
Jet fuel prices for international airlines have risen 5%, extending a second consecutive monthly increase. The move highlights the spillover from higher global energy costs, with oil firms now dictating pricing. In contrast, domestic airlines are seeing stability in fuel costs, giving them a temporary cushion while international carriers absorb the higher burden.
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