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The Latest Headlines about USPS, DHL, Amazon, etc.
UPS, FedEx down on report of Amazon's own delivery service
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<blockquote data-quote="cheryl" data-source="post: 3111858" data-attributes="member: 1"><p><a href="http://www.reuters.com/article/us-fedex-shares/ups-fedex-down-on-report-of-amazons-own-delivery-service-idUSKBN1CA212" target="_blank"><strong>UPS, FedEx down on report of Amazon's own delivery service - Reuters</strong></a></p><p></p><p>Shares of United Parcel Service Inc and FedEx Corp fell on Thursday after a report that Amazon.com Inc was testing its own delivery service, potentially encroaching on the territory of the package delivery companies.</p><p></p><p>Amazon will oversee pickup of packages from warehouses of third-party merchants selling goods on its website and their delivery to customers' homes - a function often handled by longtime partners UPS and FedEx, according to sources cited by Bloomberg.</p><p></p><p>UPS’ shares fell as much as 2 percent to $116.52, while those of FedEx dropped 1.6 percent to $217.77.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3111858, member: 1"] [URL='http://www.reuters.com/article/us-fedex-shares/ups-fedex-down-on-report-of-amazons-own-delivery-service-idUSKBN1CA212'][B]UPS, FedEx down on report of Amazon's own delivery service - Reuters[/B][/URL] Shares of United Parcel Service Inc and FedEx Corp fell on Thursday after a report that Amazon.com Inc was testing its own delivery service, potentially encroaching on the territory of the package delivery companies. Amazon will oversee pickup of packages from warehouses of third-party merchants selling goods on its website and their delivery to customers' homes - a function often handled by longtime partners UPS and FedEx, according to sources cited by Bloomberg. UPS’ shares fell as much as 2 percent to $116.52, while those of FedEx dropped 1.6 percent to $217.77. [/QUOTE]
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UPS, FedEx down on report of Amazon's own delivery service
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