UBS Says Transport Stock Rout Is "Overdone" After Amazon News

UBS Says Transport Stock Rout Is "Overdone" After Amazon News UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson. Wadewitz said the risk is not new, noting that Amazon's supply chain service has been around since 2023. He said the pullback has created attract...

By Tyler Durden