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FedEx, UPS Slide After Amazon Opens Freight Network To All Businesses

FedEx, UPS Slide After Amazon Opens Freight Network To All Businesses Shares of transportation and logistics giants FedEx and UPS dropped in premarket trading after Amazon debuted Amazon Supply Chain Services, opening its freight network to sellers far beyond the Amazon marketplace. Amazon said ASCS is a move to "open its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes." It gives companies outside the Amazon marketplace access to a global delivery network with two- to five-day delivery and 24/7 service. "With this launch, Amazon is expanding...
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Mar 27, 2026 / Tyler Durden
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Apr 29, 2026 / Tyler Durden
US May Deploy Hypersonic Missiles Against Iran As Centcom Set To Brief Trump On New Military Options
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