Amazon to Launch Deliver Service for Businesses

The new shipping service will partner with businesses to deliver packages to customers, causing FedEx and UPS to lower in premarket trade.

February 9, 2018

Amazon is launching its own delivery service, creating a new rivalry with UPS and FedEx.

The new service, Shipping with Amazon, will pick up packages from businesses and deliver them to customers. The new delivery services is expected to rollout in Los Angeles in the coming weeks with more cities to follow shortly after.

After the announcement, shares of UPS and FedEx sharply lowered. UPS is still said to be a partner of Amazon, however.

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