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'Shipping With Amazon' to Launch in US; UPS, FedEx Investors Sell

By BenZinga
Capital Markets

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Reports of Amazon.com, Inc. (NASDAQ: AMZN)’s interest in developing its own delivery service has been around since at least 2015, but now it’s reportedly close to launching.
What Happened

Amazon’s delivery service for businesses, dubbed “Shipping with Amazon” (or SWA) consists of the online giant picking up items from businesses and shipping them to consumers, The Wall Street Journal has reported. While this new business hasn’t been confirmed by the company yet, it’s expected to roll out in Los Angeles in the coming weeks and should expand to other cities by the end of the year.

Amazon will first offer its …

Read the full story at Benzinga.

Photo: Getty iStock

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