BUZZ-Parcel firms UPS, FedEx drop after Amazon opens its logistics network to other businesses

United Parcel Service, Inc. Class B
FedEx Corporation
Amazon.com, Inc.

United Parcel Service, Inc. Class B

UPS

0.00

FedEx Corporation

FDX

0.00

Amazon.com, Inc.

AMZN

0.00

** Shares of parcel delivery firms FedEx FDX.N and United Parcel Service UPS.N drop 2.3% and 1.6% pre-market

** Amazon.com AMZN.O on Monday opened up its own logistics network for other businesses to use

** Businesses of all types and sizes can now move, store and deliver everything from raw materials to final products using "Amazon Supply Chain Services"

** AMZN shares currently down 0.5%

** Analysts rate UPS, FDX "buy" on average - data compiled by LSEG

** UPS is up 8.5% so far this year, while FDX is up 36.3%


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