Amazon halts its shipping service that competed with UPS, FedEx [CNNMoney.com]
Amazon.com, Inc. (AMZN)
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Source: CNNMoney.com
Amazon halts its shipping service that competed with UPS, FedEx New York (CNN Business) Amazon is halting its third-party shipping service in the United States, which competed with FedEx and UPS, the company said Wednesday. The service, called Amazon Shipping, was being piloted in a handful of US cities. Amazon would pick up and deliver shipments for third party companies that sell on its site but don't keep products at Amazon ( AMZN ) warehouses. The company said it paused the service after a regular review meant to ensure that the company is best serving its customers. The pause comes amid a huge surge in business for Amazon, and online shopping more broadly, as people are urged to stay home and shops remain shuttered because of coronavirus . Last month, Amazon announced it would hire 100,000 new distribution workers to keep up with the demand. It also warned customers they could see longer-than-usual delivery times because of the large volume of orders. Am
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
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- 11/25/25 - Form 4
- 11/25/25 - Form 4
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