Report: Amazon Suspending Auxiliary Shipping Business
An ever-growing company with many revenue streams, Amazon.com (NASDAQ: AMZN) is letting one of them run dry for the moment. According to a report published Tuesday in The Wall Street Journal, citing "people familiar with the matter," the giant retailer will soon halt the activities of Amazon Shipping, its third-party logistics service. The stoppage will begin in June, and is intended to be temporary.
Amazon Shipping is effectively the retailer using some of its drivers to pick up packages from clients and deliver them. It is relatively small scale for the company, as it's only available in a few select markets.
Image source: Amazon.com.
Source Fool.com
