Shares of transportation and logistics giants FedEx and UPS dropped in premarket trading after Amazon debuted Amazon Supply Chain Services, opening its freight network to sellers far beyond the Amazon marketplace.

Amazon said ASCS is a move to “open its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes.” It gives companies outside the Amazon marketplace access to a global delivery network with two- to five-day delivery and 24/7 service.

https://www.zerohedge.com/markets/fedex-ups-slide-after-amazon-opens-freight-network-all-businesses