Abnormal movement in US stock market: United Parcel Service (UPS.US) drops more than 8%, Amazon launches supply chain services intensifying competition.

According to the Smart Financial News APP, on Monday, United Parcel Service (UPS.US) fell more than 8%, to $98.38. In terms of news, Amazon announced the launch of Amazon Supply Chain Services, opening up its entire logistics network including freight, distribution, fulfillment, and parcel transportation to all industries and businesses of all sizes. This move intensifies competition in the logistics industry and poses a direct threat to the business of United Parcel Service.