UPS Keeps Sliding After Amazon's Move Into The Shipping Business

Entertainment (now)
Entertainment (now)
  • 6 years ago
Shares of UPS fell for the second straight session Monday morning following the news Amazon plans to launch its own shipping service that would directly compete with the two largest US shipping companies, UPS and FedEx. UPS and FedEx fell on the news Friday, and UPS' stock was down on Monday as well. Amazon has made several moves in the past to develop its own shipping and logistics service.

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