US Stock Market: Amazon.com Inc. logistics expansion sparks broad selloff in US transport stocks

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Amazon.com Inc.'s expansion into broader logistics services has triggered a significant selloff in U.S. transportation stocks, including major players like FedEx and UPS. The move, which involves Amazon offering its vast distribution network to third-party businesses, intensifies competition across parcel delivery, air freight, and trucking sectors. This disruption comes as the transportation sector was nearing record highs, making it vulnerable to such a correction.

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