What's Going On With Amazon Stock Wednesday?

On Wednesday, Amazon.com Inc. (NASDAQ: AMZN ) expanded its less-than-truckload (LTL) freight service across the U.S., allowing businesses of all sizes to ship palletized freight to warehouses, distribution centers, and retail partners beyond Amazon’s network. The service, part of Amazon Supply Chain Services (ASCS), supports shipments of one to six pallets and offers features including real-time GPS tracking, automated scheduling, electronic proof of delivery, and EDI integrations. Third-Party Logistics Growth Opportunity The expansion builds on Amazon’s broader push into third-party logistics, a market Bank of America estimates is worth $1.3 trillion globally. Recently, analysts said Amazon’s ASCS rollout could become a significant long-term growth driver by monetizing logistics infrastructure originally built for its retail operations, similar to ... Full story available on Benzinga.com