UPS Stock Hit as Amazon Opens Logistics Network in Direct Challenge to Parcel Giant
United Parcel Service shares came under renewed pressure ahead of Tuesday’s New York open, as Amazon.com rolled out its logistics network for external businesses—a step that investors saw as a direct threat to UPS and FedEx’s grip on parcel delivery and freight. It’s a tough moment for UPS. The Atlanta-based shipper has been scaling back its low-margin Amazon deliveries, aiming instead to drive more business-to-business volume—those higher-yield shipments that move between companies, instead of straight to consumers. Now, Amazon’s latest move targets exactly that business.