Shares of FedEx (NYSE:FDX | FDX Price Prediction) are down 9% to roughly $359 in midday trading Monday, while United Parcel Service (NYSE:UPS) stock is down 10% to about $97. The trigger: Amazon (NASDAQ:AMZN) has officially launched Supply Chain Services as a direct enterprise offering.

UPS shares fell nearly 10% after Amazon launched Amazon Supply Chain Services, a full-suite logistics platform open to all businesses. The move puts Amazon in direct competition with UPS’s core markets, including small and medium-sized businesses.

UPS revolutionizes logistics with RFID technology, offering real-time tracking, smarter supply chains, and unmatched visibility for customers

FedEx is exposed to the same structural shift: Amazon can bundle fulfillment + freight + trucking, making it easier for large shippers to consolidate logistics spend. With the sector only just stabilizing after the freight downturn,

Amazon will allow companies across industries, such as retail, healthcare and manufacturing, to use its supply ⁠chain ‌network.