UPS Stock Drops Over 3% Amid Heightened Competition from Rivals

Stock News

07/20

Shares of United Parcel Service Inc (UPS.US) fell more than 3% on Monday, trading at $113.83.

A recent research report highlights that Amazon is now offering third-party clients logistics services that are both low-cost and feature increasingly faster delivery speeds.

The report further suggests that Amazon could potentially introduce overnight delivery in the future, posing a greater competitive threat to UPS and other traditional delivery giants.

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