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Business·1 outlet

FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move

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  • Bloomberg·Trace: Center

    FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move

    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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