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Watershed moment for North American freight industry! Amazon announces expansion of logistics services, U.S. transportation stocks plunge collectively

Watershed moment for North American freight industry! Amazon announces expansion of logistics services, U.S. transportation stocks plunge collectively

``` On Monday, U.S. transportation stocks plummeted collectively. Previously, Amazon announced an expansion of its logistics services, not only becoming a heavyweight competitor to parcel carriers and air cargo companies, but also impacting truckers and third-party brokers. U.S. transportation stocks subsequently fell sharply. FedEx's share price fell
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