FedEx Stock Faces a New Amazon Threat as Logistics Fight Hits Shares
FedEx shares stabilized Tuesday after Amazon launched Supply Chain Services for outside businesses, intensifying competition with FedEx and UPS. Amazon’s new offering includes freight, fulfillment, and parcel shipping, with clients like Procter & Gamble and 3M. FedEx traded at $360.60, up 0.8%. The company still plans to spin off FedEx Freight on June 1.