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.
-
Horoscope Today, 7th May 2026: One Decision Today Could Transform Your Future, Here’s What You Need to Know
-
Pocket FM cuts 100 jobs, moves 2,000 contract employees on Quess Corp’s payroll
-
Why did oil prices crash today? $920 million crude oil short placed 70 minutes before US-Iran 14-point deal report — was someone trading on inside information?
-
The surprisingly warm truth about Ted Turner and Jane Fonda's relationship after their divorce
-
Paytm posts first-ever annual profit of Rs 552 crore in FY26
