Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
A truck leaves an Amazon distribution center in Kolbaskowo, Poland. Photo: Adam Berry / Getty Images
Amazon plans to launch its own shipping service for businesses, sending their products directly to consumers, reports The Wall Street Journal. The "Shipping with Amazon" service will begin in Los Angeles soon — for now, targeted only at Amazon's own third-party merchants — but it's expected to roll out to other cities and customers eventually.
Why it matters: The move positions Amazon to take on shipping giants UPS and FedEx, especially as the tech giant plans to undercut both their prices. It's reflective of Amazon's broader ambitions beyond e-commerce, highlighted by its burgeoning Hollywood presence, acquisition of Whole Foods, and cloud-computing services. FedEx (FDX) shares are currently at $231.21 (-3.37%.) Amazon (AMZN) shares are currently at $1,315.06 (-2.62%.)