US Stock Market Move | United Parcel Service (UPS.US) falls more than 3%, competition intensifies among traditional express delivery giants.
On Monday, United Parcel Service (UPS.US) dropped more than 3%, closing at $113.83.
On Monday, United Parcel Service (UPS.US) fell more than 3%, to $113.83. Morgan Stanley recently released a research report stating that Amazon.com, Inc. is currently providing third-party customers with low-cost and increasingly fast logistics services, and may even introduce overnight delivery in the future, posing a greater threat to United Parcel Service and FedEx Corporation (FDX.US).
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