Amazon Shaking Up the Shipping Industry
Sunday, February 11th, 2018 -- 6:27 AM
(AP) -Amazon's next move may be to shake up the shipping industry.The online retailer is reportedly planning a new service called "Shipping With Amazon" that will allow it to pick up packages from businesses and deliver them to consumers. The service is expected to start in Los Angeles in the coming weeks, before it is rolled out more broadly as soon as this year, according to The Wall Street Journal , which cited anonymous sources. Shares of shipping companies FedEx and UPS slipped Friday. Amazon, which has been edging into the delivery business for some time, didn't deny the report.
The news comes after a rocky holiday season for UPS. The company was caught off-guard by the crush of online shopping leading up to the season and said it must spend a chunk of its tax-cut savings to improve its package-delivery network.
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