Brooke Sutherland, Columnist

FedEx, UPS Holders Shrug at a Big Shadow

They shouldn't.

February 9, 2016 at 6:54 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

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Typically the news of an Internet giant like Amazon becoming a potential competitor sends stocks tumbling. And so it probably wouldn't have been surprising to anyone had UPS and FedEx taken a dive on a Bloomberg news report Tuesday that Amazon is setting its sights on the shipping industry.

Instead, at least for one day, shareholders of both companies took it in stride: