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FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move
📅4 May 2026 at 14:30
📰Bloomberg
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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.
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Source: This article was originally published by Bloomberg. All rights reserved to the original publisher.
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