Amazon trucking expansion sparks freight stock sell-off

Amazon has built up a logistics empire over the past several years and reduced its reliance on external carriers, largely to service its own needs and meet its increasingly faster shipping speeds. That includes a fleet of Amazon-branded cargo planes, tens of thousands of delivery vans and a growing freight service that includes 80,000 trailers and 24,000 containers. "The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly," Jim Ruiz, director of Amazon Freight, said in a statement.

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