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Jeffrey Neal Johnson

EXPLAINED: Amazon weaponizes logistics triggering sector wide selloff - The Real Truth

Amazon UPS FedEx Supply chain AWS FedEx Corporation MarketBeat NYSE United Parcel Service, Inc.

The transportation and logistics sector experienced a shock following the announcement that Amazon.com, Inc. (NASDAQ: AMZN) is opening its vast, end-to-end supply chain infrastructure to all businesses. The move, branded Amazon Supply Chain Services (ASCS), represents a direct assault on the market share held by legacy carriers.

The market repriced this new competitive threat almost instantly, with shares of United Parcel Service, Inc. (NYSE: UPS) and FedEx Corporation (NYSE: FDX) dropping by more than 10% on the day of the announcement.

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