Amazon LTL expansion hits Old Dominion, Saia, FedEx Freight stocks
Key takeaways
- In the LTL model, one trailer carries shipments from several customers at the same time.
- "Now Amazon LTL can move your freight wherever it needs to go, servicing destinations nationwide for businesses of all sizes."
- When that broader program was first announced, stock in parcel carriers UPS and FedEx fell before recovering.
Amazon LTL expansion hits Old Dominion, Saia, Fed Ex Freight stocks Quartz · Al Drago / Getty Images Colleen Cabili Wed, June 10, 2026 at 9:14 PM GMT+7 2 min read AMZN ODFL ARCB FDX Amazon announced Wednesday that it is expanding its less-than-truckload freight service beyond shipments destined for its own warehouses, opening the offering to businesses of all sizes shipping to any destination in the U.S., including third-party warehouses, distribution centers, and retail partners.
The announcement triggered a broad selloff among established freight carriers. According to CNBC, shares of Old Dominion Freight Line shed more than 6%, and both Saia and XPO Logistics gave up 5%. ArcBest stock sank 4%. At the start of trading, FedEx Freight and Saia tumbled about 10%, though both stocks clawed back a portion of those declines by later in the session, Bloomberg reported. FedEx Freight began trading as an independent company following a spinoff from FedEx Corp. earlier this month.
In the LTL model, one trailer carries shipments from several customers at the same time. Each shipment usually ranges from one to six pallets and weighs between 150 and 15,000 pounds, instead of filling a whole truck. Amazon has offered an inbound-only LTL service to its partners and vendors since 2019, moving millions of pallets across the U.S. last year. The expanded service now uses over 80,000 trailers and 24,000 intermodal containers, according to the company.