Amazon introduced Amazon Supply Chain Services on May 4, an asset‑based fourth‑party logistics platform leveraging >80,000 trailers, >24,000 containers, and >100 aircraft.
The launch triggered sell‑offs in freight equities, with UPS and FedEx shares falling sharply while JB Hunt and Canadian Pacific saw notable mispricing.
Bernstein analysts argue the market reaction is overdone, citing high bundled costs, agency risk, and limited appeal for large enterprise shippers.
Amazon trades at $268.26 with a $315 price target, EPS forecasts $8.78 (2026) and $11.12 (2027), and P/E multiples of 30.6x/24.1x.