Shares in logistics companies UPS (UPS) and FedEx (FDX) dropped in Monday’s pre-market trading after e-commerce giant Amazon (AMZN) opened its vast logistics network to all businesses.
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Trade AMZN with leverageIn a statement, Amazon announced that businesses of all types and sizes can now use its entire network to move, distribute, fulfill, and ship their goods and products. The company launched the Amazon Supply Chain Services (ASCS) to that end.