FedEx Slides 9%, UPS Sinks 10% as Amazon Supply Chain Services Goes Live: How Real Is the Threat?

Shares of FedEx (NYSE: FDX) are down 9% to roughly $359 in midday trading Monday, while United Parcel Service (NYSE: UPS) stock is down 10% to about $97. The trigger: Amazon (NASDAQ: AMZN) has officially launched Supply Chain Services as a direct enterprise offering. Amazon stock is up 1% to $271 on the news, building on a 27%... FedEx Slides 9%, UPS Sinks 10% as Amazon Supply Chain Services Goes Live: How Real Is the Threat?