BUZZ-U.S. trucking stocks fall after Amazon launches LTL freight offering

Knight-Swift Transportation
J.B. Hunt Transport Services, Inc.
United Parcel Service, Inc. Class B
FedEx Corporation
Amazon.com, Inc.

Knight-Swift Transportation

KNX

0.00

J.B. Hunt Transport Services, Inc.

JBHT

0.00

United Parcel Service, Inc. Class B

UPS

0.00

FedEx Corporation

FDX

0.00

Amazon.com, Inc.

AMZN

0.00

** Shares of U.S. trucking companies down after Amazon AMZN.O launches less-than-truckload (LTL) freight offering for all businesses

** Fedex Corp FDX.N and United Parcel Service UPS.N shares down ~2%

** Shares of Old Dominion ODFL.O fall 6.4%, J.B. Hunt JBHT.O slip 3% and Knight-Swift Transportation KNX.N slide 4.2% respectively

** Amazon Freight Director Jim Ruiz said that the company's LTL service gives shippers a cost-effective freight shipping option while still offering the real-time tracking and reliability customers expect from Amazon


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