NasdaqGS:AMZNMultiline Retail
Amazon’s New LTL Freight Push And What It Could Mean For AMZN Stock
Amazon.com (NasdaqGS:AMZN) has launched a nationwide less than truckload freight service for all U.S. businesses.
The service opens Amazon's logistics network to third party warehouses and retailers across any destination and business size in the U.S.
The move places Amazon in direct competition with established freight carriers in the roughly US$80b LTL transport market.
The announcement coincided with selloffs among incumbent transportation stocks as investors reassessed the competitive...