If you've ever tracked a package or wondered how your online orders arrive so fast, you're interacting with a massive logistics system. But what if the company that built one of the world's largest delivery networks suddenly decided to share it with everyone else?
UPS and FedEx stock prices recently dipped, signaling investor concern over Amazon's latest strategic move.
On October 25, 2023, UPS shares fell 6.6% and FedEx dropped 3.3% after reports emerged about Amazon's plan to expand its shipping services.