Warren Buffet's company buying Amazon stock wasn't the only thing that sent money-folks tongues wagging this week. Freightwaves broke the news that Amazon Freight is now accepting customers as it pushed freight.amazon.com live and began undercutting prices from 26% to 33%. After all, Amazon is already a top ten international freight forwarder for Asian ocean freight inbound to North America. Amazon launch in Israel caused up to a double-digit drop in stock prices for other large retailers in the area. Local retailers can now use Amazon services to fulfil orders and deliver goods.

Source: Forbes May 05, 2019 14:15 UTC