FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move [eR5IQgnZMYN]
US transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers. Bloomberg's Lee Klaskow joins Bloomberg Intelligence to discuss. -------- Get more on The Bloomberg Intelligence Podcast On Apple: On Spotify: Anywhere: Follow us on X: Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Android Auto: Visit our YouTube channels: Bloomberg Podcasts: Bloomberg Television: Bloomberg Originals: Quicktake: