UPS, FedEx down on report of Amazon's own delivery serviceAmazon will oversee pickup of packages from warehouses of third-party merchants selling goods on its website and their delivery to customers’ homes – a function often handled by longtime partners UPS and FedEx, according to sources cited by Bloomberg. UPS’ shares fell as much as 2 percent to $116.52 (88.32 pounds), while those of FedEx dropped 1.6 percent to $217.77. Amazon is testing a delivery service to make more products available for free two-day delivery and relieve overcrowding in warehouses, two people familiar with the plan told Bloomberg.

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