Amazon trucking expansion causes transport stock selloff

Shares of major trucking companies experienced a significant decline following Amazon's announcement of an expanded shipping service. This move by the e-commerce giant is already creating ripples throughout the transportation and logistics industry, causing investor unease. The expansion signals Amazon's increasing ambition to control more of its supply chain, potentially disrupting traditional shipping models and impacting the profitability of established carriers. Investors are reacting cautiously to the increased competition and the potential shift in market dynamics driven by Amazon's growing logistics capabilities.