United Parcel Service Inc (UPS.US) shares dropped more than 8% on Monday, closing at $98.38. The decline followed an announcement from Amazon.com regarding the launch of Amazon Supply Chain services. The new offering will open Amazon's entire logistics network—including freight, distribution, fulfillment, and parcel delivery—to businesses across all industries and sizes. This move heightens competition in the logistics sector and poses a direct threat to United Parcel Service's core operations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.