UPS and FedEx shares fell ~10% Monday after Amazon unveiled "Amazon Supply Chain Services," allowing external businesses to access its logistics network of 100+ cargo planes and warehouses. The initiative, part of Amazon's services growth, already si

2026-05-05

UPS and FedEx shares fell ~10% Monday after Amazon unveiled "Amazon Supply Chain Services," allowing external businesses to access its logistics network of 100+ cargo planes and warehouses. The initiative, part of Amazon's services growth, already signed Procter & Gamble, 3M, Lands' End, and American Eagle Outfitters. Amazon shares remained flat as the move positions it to compete directly with traditional logistics giants.