Parcel delivery, trucking stocks slide after Amazon opens its logistics network to other firms

J B Hunt Transport Services

04/05/2026 16:02

Updates

** Shares of parcel delivery firms FedEx FDX.N and United Parcel Service UPS.N sink 8.7% and 7.1%, respectively

** Trucking firms down between 3.4% and 8.8%, with Knight-Swift Transportation KNX.N falling the least and C.H. Robinson CHRW.O dropping the most

** Leading trucking firms XPO XPO.N, J.B. Hunt JBHT.O and Old Dominion ODFL.O down 3.7%, 4.8% and 4.4%, 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"

** "We would not be surprised to see near-term weakness across the LTL, airfreight, and forwarding complexes" as the market assesses competitive implications of AMZN's move - Baird

** FDX looks set for its worst day in over a year, UPS heads for worst day in over 9 months

** UPS and FedEx, meanwhile, are pursuing higher-profit business-to-business shipments over retail shipments

** AMZN shares currently up 2.4%

 (Reporting by Nandan Mandayam in Bengaluru)

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