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US stocks today: Amazon opens up logistics network to other businesses in challenge to UPS, FedEx
The Economic Times· 2026-05-05 02:10AI 处理中...
The move could position Amazon as a major player in the U.S. logistics industry, intensifying competition on pricing and speed for incumbents. The company boasts a fleet of more than 100 cargo planes - behind only FedEx and UPS - along with a vast network of warehouses and sorting hubs. Shares of FedEx and UPS fell more than 9% each, while Amazon rose nearly 1%. "Amazon Supply Chain Services" will allow companies across industries such as retail, healthcare and manufacturing to use the company's supply-chai ...