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.
Amazon has launched Amazon Supply Chain Services, extending its global logistics network beyond its own marketplace to any business. The move turns Amazon into a direct competitor to UPS and FedEx by offering shipping and supply-chain capabilities built on its scale, fulfillment experience, and transportation infrastructure—potentially reshaping how smaller firms handle delivery logistics.
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