UPS, FedEx stocks sink after Amazon opens logistics network
A UPS Boeing 767 aircraft departs Los Angeles International Airport for Louisville on January 27, 2026 in Los Angeles, California.
Kevin Carter | Getty Images
Shares of logistics giants POWER SUPPLY And Fedex After sunset on Monday Amazon announced a new initiative to open its supply chain networks to other businesses.
Both stocks were down 10% in midday trading. The companies did not immediately respond to requests for comment.
Amazon’s shares were largely unchanged.
Technology company “Amazon Supply Chain Services” will allow companies spanning multiple industries to use Amazon’s supply chain and logistics to transport and deliver products and raw materials.
This is part of Amazon’s continued growth in services. The announcement could make Amazon a major player alongside UPS and FedEx, opening up its fleet of more than 100 shipping plans and a massive warehouse network.
Amazon says major retailers are also involved Procter & Gamble, 3 millionThe End of the Lands and American Eagle Clothing I have already signed up for the new program.
