The e-commerce giant’s new supply chain services will deliver for companies across the globe.

The company said its shipping, fulfillment and delivery services would be offered to other businesses. Several large corporations have already signed on.

Shares of shipping companies fell after Amazon launched a business called Amazon Supply Chain Services that companies can hire for services such as fulfillment, ocean and air shipping, as well as truck transportation. FedEx dropped 6.5%. UPS was down 7.9%. GXO Logistics sank 9.1%. C.H. Robinson slipped 6.2%.

Amazon's new Supply Chain Services causes UPS and FedEx stocks to plummet 10% as the retail giant opens its logistics network to all businesses.

Does a regional Amazon service ship internationally? Yes and no. Amazon offers numerous regional sites for around 100 countries. All these versions of Amazon collect products from around the world to display. But here's the catch: not all products ship to ...

Amazon Supply Chain Services will open the retail giant's shipping infrastructure to other companies in a direct challenge to shipping companies like UPS and FedEx