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Amazon gearing up to be the next FedEX, UPS, claims report

February 14, 2018

Amazon is prepping a "Shipping with Amazon" service in direct competition with FedEX and UPS, according to the New York Post, citing a Wall Street Journal report.

The service will pick up items from businesses to deliver to consumers and is expected to initially launch in Los Angeles, stated the report. The news sent FedEX and UPS shares down a bit when announced Friday.