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Wajeeh Khan

What to Know as Amazon Announcement Sends UPS Stock Down

United Parcel Service (UPS) stock tumbled on May 4 after rival Amazon (AMZN) announced the launch of Amazon Supply Chain Services (ASCS). 

This comprehensive logistics offering opens the e-commerce behemoth’s entire freight, distribution, fulfillment, and parcel shipping infrastructure to businesses of all types and sizes.

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