A UPS Boeing 767 departs Los Angeles International Airport en route to Louisville, Kentucky, January 27, 2026.
Kevin Carter | Getty Images
Actions by logistics giants UPS And FedEx sank Monday after Amazon announced a new initiative to open its supply chain networks to other companies.
Both stocks closed down about 10% on Monday. The companies did not immediately respond to requests for comment.
Amazon shares were largely unchanged.
The tech company’s “Amazon Supply Chain Services” will enable businesses across multiple industries to use Amazon’s supply chain and logistics to move and deliver products and raw materials.
This is part of Amazon’s continued growth in services. The announcement could make Amazon a major player alongside UPS and FedEx, opening up its fleet to more than 100 freight plans and a vast network of warehouses.
Amazon said major retailers including Procter & Gamble, 3MLands’ End and American Eagle Outfitters are already enrolled in the new program.