Amazon.com Inc.’s announcement on Monday that it would open its rather large logistics network to third parties has been a long time coming after some fits and starts.
The e-commerce retailer had opened up its parcel delivery network to third parties in the past and then reversed course when pandemic demand flooded its system. Now, Amazon has named initial customers — Procter & Gamble Co., 3M Co. and Lands’ End Inc. — that cut across industry, retail and consumer packaged goods. There’s no turning back now.
Investors certainly showed their concern across the logistics sector, driving down shares of parcel carriers, trucking companies, freight brokers ...