FedEx, Maersk, GXO Downplay Amazon ASCS Threat Despite Early Wins

Logistics incumbents FedEx, Maersk, and GXO on May 13 downplayed Amazon Supply Chain Services (ASCS) as an immediate threat, citing superior global networks, customized services, and data security concerns despite early adoption by Procter & Gamble, 3M, and others. Amazon launched ASCS on May 4, opening its vast network—80,000+ trailers, 24,000+ containers, 100+ aircraft—to all businesses, triggering selloffs (UPS -10.5%, FedEx -9.1%) but analyst buy calls from Baird ($25B potential), Stifel, and Bernstein labeling reactions overdone. Framed as 'next AWS,' ASCS bolsters Amazon's non-retail push amid +14% YTD shares toward $2.9T market cap post-Q1 sales of $181.5B (+17%).