Amazon Is Widening Its Sway Over the Freight Industry
The one-stop shop for handling freight and packages seems to be a thing of the past, with FedEx Corp. set to spin off its trucking business in June. United Parcel Service Inc. shed its trucking unit five years ago. Full-service brokerages can shepherd goods from the factory to a residential customer’s doorstep, but they do it by cobbling together transportation services of several providers.
The one-stop shop for handling freight and packages seems to be a thing of the past, with FedEx Corp. set to spin off its trucking business in June. United Parcel Service Inc. shed its trucking unit five years ago. Full-service brokerages can shepherd goods from the factory to a residential customer’s doorstep, but they do it by cobbling together transportation services of several providers.
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