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UPS keeps sliding after Amazon's entry into the shipping business (UPS, FDX, AMZN)

Shares of UPS were down Monday morning following Amazon's announcement last week that it would launch its own shipping service. UPS and FedEx fell on the news Friday, and UPS' stock was down on Monday as well. Amazon has made several moves in the past to develop its own shipping and logistics service. Click on UPS and FedEx to see their stock price move in real time. Shares of UPS fell for the second straight session Monday morning following the news Amazon plans to launch its own shipping service that would directly compete with the two largest US shipping companies, UPS and FedEx.
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