Amazon trucking expansion sparks freight stock selloff

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Amazon trucking expansion sparks freight stock selloff

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

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United States · FedEx · Miami International Airport