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Amazon trucking expansion sparks freight stock sell-off
Shares of several large freight carriers slumped Wednesday after Amazon announced it's opening up its trucking services to companies beyond its own network. The e-retailer said it will offer less-than-truckload shipping to all businesses, not just those who ship goods into its warehouses and fulfillment centers, and deliver to any destination in the U.S., as part of its nascent Amazon Supply Chain Services program. Less-than-truckload refers to a service where companies carry shipments from...
Cracker Barrel Rises on Full Year Guidance; Chewy Up on Q1 Results | Stock Movers
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Autonomous freight trucking company Einride rises sharply in first trade on Nasdaq
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Amazon’s Trucking Push Sparks Fresh Selloff in Transport Stocks
Transportation Amazon’s Trucking Push Sparks Fresh Selloff in Transport Stocks Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors. Old Dominion Freight Line Inc. and FedEx Freight Holding Co. fell 6% in premarket trading, with Saia Inc. down more than 8%. All three companies specialize in “less-than-truckload” services,...
Jim Cramer's top 10 things to watch in the stock market Wednesday
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