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FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move
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May 4, 2026
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4:12Now PlayingUS transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers. Bloomberg's Lee Klaskow joins Bloomberg Intelligence to discuss.
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