UPS, FedEx slide after Amazon opens its logistics network to other businesses

FedEx

04/05/2026 14:45

Updates

** Shares of parcel delivery firms FedEx FDX.N and United Parcel Service UPS.N sink 6% and 6.2%, respectively

** Amazon.com AMZN.O on Monday opened up its own logistics network for other businesses to use

** Businesses of all types and sizes can now move, store and deliver everything from raw materials to final products using "Amazon Supply Chain Services"

** AMZN shares currently up 1.3%

** AMZN has a fleet of more than 100 cargo planes, and a vast network of warehouses and sorting hubs

** Analysts rate UPS, FDX "buy" on average - data compiled by LSEG

** Up to Friday's close, UPS is up 8.5% for the year, while FDX is up 36.3%

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))