Amazon Freight Launch Sparks Trucking Stock Sell-Off
Amazon has officially entered the freight brokerage market, signaling a major shift in the logistics landscape. The retail giant’s move to facilitate shipments between third-party carriers and businesses triggered an immediate negative reaction in the stock market, with major trucking firms experiencing a sharp decline in share price. Investors remain concerned that Amazon’s massive scale and technological infrastructure will exert significant downward pressure on shipping rates across the industry.