UPS, FedEx stocks sink after Amazon expands logistics network to other businesses

A UPS Boeing 767 airplane departs Los Angeles International Airport en route to Louisville on January 27, 2026 in Los Angeles, California. Kevin Carter | Shares of logistics giants UPS and FedEx sank on Monday after Amazon announced a new initiative to open up its supply chain networks to other businesses. Both stocks were down 10% in midday trading. The companies did not immediately respond to requests for comment. Shares of Amazon remained largely unchanged. …