UPS - What's Going On With Amazon Stock Monday? | Benzinga
Amazon.Com, Inc (NASDAQ: AMZN) has surpassed United Parcel Service, Inc (NYSE: UPS) and FedEx Corp (NYSE: FDX) to become the largest delivery business in the U.S. in terms of parcel volumes.
?In 2022, Amazon delivered more packages to U.S. homes than UPS, having already overtaken FedEx in 2020. Despite this, the U.S. Postal Service remains the largest parcel service by volume, handling millions of packages for all three companies, The Wall Street Journal reports.
A decade earlier, Amazon heavily relied on UPS and FedEx for deliveries. However, its rapid growth and strategic changes at UPS and FedEx have ...