Amazon Reportedly Launching a Delivery Service for Businesses; Fedex, UPS Shares Slide

(From CNBC)

Amazon is gearing up to launch a delivery service for businesses, the Wall Street Journal reported on Friday.

This would pit the e-commerce giant against the likes of FedEx and UPS.

The service is called “Shipping with Amazon” and will see the tech giant picking up packages from businesses and delivering them to customers, the WSJ said, citing people familiar with the matter.

Amazon’s business delivery is expected to roll out in Los Angeles in the coming weeks with third-party merchants that sell goods via its website. More cities are to follow.

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