Amazon opens up its logistics network to other businesses

Amazon.com said on Monday it was ⁠rolling out "Amazon Supply Chain Services", ⁠opening up its logistics network ‌for other ​businesses to use.

Businesses of all types and sizes can now move, store and deliver everything ​from raw ⁠materials to final products using the full breadth of Amazon's own supply-chain network, including freight, ⁠distribution ‌and fulfillment, and parcel shipping, the company said.

The announcement ‌hit shares of logistics companies, ⁠with UPS and FedEx slipping 1.5% and 2.5%, ‌respectively, in premarket trading.

Amazon ‌said consumer goods giant Procter & ‌Gamble, industrial heavyweight 3M ‌and apparel firm American Eagle Outfitters were among the first to sign up ⁠for ⁠the supply-chain services.

The move gives companies access to Amazon's transportation network that spans ocean, air, ground and rail freight, supported by a fleet of ​more than 80,000 trailers, 24,000 intermodal ​containers and ​more than 100 aircraft.