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FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move

FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move

US transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers. Bloomberg's Lee Klaskow joins Bloomberg…

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