Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Aanchal Sugandh

Universal Logistics Stock Plunged on Amazon’s Trucking News. Its 3.4% Dividend Could Make the Dip Worth Buying.

The third-party transportation logistics provider Universal Logistics Holdings (ULH) walked straight into a storm when Amazon.com (AMZN) decided to play in its backyard. On May 4, Amazon launched Amazon Supply Chain Services and cracked open its entire logistics network to any outside business willing to use it. 

Amazon is handing companies in retail, healthcare, and manufacturing the keys to a supply chain that runs across ocean, road, rail, and air, covering everything from raw materials all the way to the customer's doorstep, which essentially turns one of the world's biggest shippers into a direct competitor for traditional logistics providers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.