UPS, FedEx Shares Fall on Growing Threat From Amazon Shipping

🇺🇸 Bloomberg (US) —

AI Summary

Shares of UPS and FedEx declined amid concerns that Amazon’s expanding inexpensive and fast delivery services to third-party customers threaten traditional shipping companies. The shift underscores heightened competition in the shipping industry.

United Parcel Service Inc. and FedEx Corp. shares tumbled after an analyst warned that Amazon.com Inc. is offering inexpensive and increasingly fast delivery services to third-party customers, underscoring the risk posed by the e-commerce giant to traditional shipping firms.

Markets Shipping UPS FedEx Amazon shipping delivery services e-commerce competition

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