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.
Shares of delivery companies FedEx and UPS are falling in Friday premarket trading following a report that powerhouse Amazon is readying its own delivery service for businesses.
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Amazon often gets the credit (or blame) for derailing industries — everything from bookstores to clothing retail — when it steps into their turf. So, now that it's building its own shipping fleet, that's got investors wondering what...
Amazon will launch a package-delivery service called "Shipping with Amazon," or SWA, according to a report from the Wall Street Journal. The service will compete directly with UPS and FedEx. SWA will roll out in Los Angeles over the...