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UPS and FedEx Threatened by Amazon

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The shipping industry is 

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 of the Amazon creeps. UPS and FedEx shares dropped after reports surfaced of a new Amazon delivery service, “Seller Flex.” Currently, third-party merchants on Amazon are responsible for choosing a logistics provider (like UPS, FedEx, etc.). But Amazon’s new service replaces that burden with end-to-end logistics from merchant to customer. It assured its delivery compadres like UPS they’d still play a role in the process…but of course, that did little to comfort investors.

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