How Amazon's latest move triggered a global logistics stock selloff
05 May 2026
Amazon announced a new suite of logistics services, sending shockwaves through the industry.
The company's Supply Chain Services (ASCS) gives businesses access to its entire range of freight and distribution services, including air and ocean freight, trucking, and last-mile delivery.
The announcement has rattled logistics stocks with FedEx shares dropping 9%, UPS falling over 10%, and Delhivery plunging 4%.
Forward Air Corp. stock dropped 24%
Market impact
Delhivery's shares had been on a six-day winning streak before the recent fall. The stock is among the top losers on the Nifty 500 index.
Alongisde FedEx and UPS, GXO Logistics shares fell 18%, while Forward Air Corp. stock dropped 24%.
Big names such as Proctor & Gamble, and 3M have already signed up for Amazon's service.
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