Technology

Shares of UPS, FedEx fall after report Amazon to launch delivery service

United Parcel Service Inc and FedEx Corp shares fell 2 percent on Friday, after a report said Amazon.com Inc is preparing to launch a delivery service for businesses, which would directly compete with the U.S. package delivery companies.

Source: Reuters

The service, called “Shipping With Amazon,” will deliver goods sold by third-party vendors on the tech giant’s e-commerce platform.

All Sources: Reuters Los Angeles Times

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