Amazon trucking expansion sparks freight stock selloff
CNBC Top News ·

Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Sept. 26, 2023. Joe Raedle | Getty Images Shares of several large freight carriers slumped on Wednesday …
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Sept. 26, 2023. Joe Raedle | Getty Images Shares of several large freight carriers slumped on Wednesday after Amazon announced it's opening up its trucking services to companies beyond its own network. The e-retailer said it will offer less-than-truckload shipping to all businesses, not just those who ship goods into its warehouses and fulfillment centers, and deliver to any destination in the U.S., as …
Original source: CNBC Top News