Shares of major US logistics providers FedEx and UPS decline after Amazon announces expanded logistics services that it says will broaden its transportation capabilities. Multiple reports say the move increases competition for parcel carriers and air freight providers, and also affects related segments such as trucking and third-party logistics brokerage. The selloff is described as sharp, with transportation stocks dropping broadly in reaction to the announcement. The coverage frames Amazon’s plan as a step toward operating a larger logistics network, which could redirect some shipping volume from established carriers or change pricing and service dynamics across the supply chain. The reports also note that the impact is not limited to traditional parcel delivery; Amazon’s expanded offerings are expected to influence intermediaries and trucking-related businesses that support freight movement. The overall market reaction reflects investor expectations that Amazon’s logistics expansion could take share over time and pressure margins for incumbents, leading to an immediate repricing of transportation stocks.