Amazon (AMZN) Expands Trucking Services, Affecting Freight Stocks

Published on 6/10/2026 · Source: cnbc.com

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Amazon (AMZN) announced it will expand its trucking services to all businesses, offering less-than-truckload shipping across the U.S. This led to significant drops in freight carrier stocks, with Old Dominion Freight Line (ODFL) falling over 6%, ArcBest down 4%, and Saia as well as XPO Logistics sliding 5% each. FedEx Freight also experienced a decline of about 3% after its recent spin-off from FedEx (FDX). The announcement highlights Amazon's growing involvement in the logistics sector, which may intensify competition for existing freight carriers.

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About Amazon.com Inc. (AMZN)

Amazon is the largest U.S. e-commerce retailer and, through Amazon Web Services (AWS), the leading cloud-infrastructure provider, with growing advertising and logistics arms.

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