UPS, FedEx Shares Fall On Report Amazon Readying Delivery Service

NEW YORK (AP) – Shares of FedEx and UPS slipped following a media report that Amazon.com is readying its own air delivery service, meaning not only that the companies may see diminished business from a massive client, but that they might have to compete against it.
Rumors have swirled for some time that Amazon has explored bringing some of its delivery services in-house to take control of the process and avoid delays often seen around the holidays.
UPS was caught off-guard by the crush of