/Amazon_com%20Inc_%20%20logo%20on%20building%20by-%20HJBC%20via%20iStock.jpg)
Amazon (AMZN) shares closed in the green on May 4 after the e-commerce behemoth intensified competition with UPS (UPS) and FedEx (FDX) by launching Amazon Supply Chain Services (ASCS).
AMZN expects this new offering to be the next Amazon Web Services (AWS), which started as an internal tool but evolved into the world’s largest cloud services provider over time.