On Wednesday, Amazon.com Inc. (NASDAQ:AMZN) expanded its less-than-truckload (LTL) freight service across the U.S., allowing businesses of all sizes to ship palletized freight to warehouses, distribution centers, and retail partners beyond Amazon’s network.



The service, part of Amazon Supply Chain Services (ASCS), supports shipments of one to six pallets and offers features including real-time GPS tracking, automated scheduling, electronic proof of delivery, and EDI integrations.



<h2>Third-Party Logistics Growth Opportunity</h2>



The expansion builds on Amazon’s broader push into third-party logistics, a market Bank of America estimates is worth $1.3 trillion globally.



Recently, analysts said Amazon’s ASCS rollout could become a significant long-term growth driver by monetizing logistics infrastructure originally built for its retail operations, similar to the Amazon Web Services model.



The company said the latest LTL expansion is backed by a network of more than 80,000 trailers and 24,000 intermodal containers and follows strong demand from sellers and vendors that have used the service since 2019.



<h2>Amazon Stock Performance And Technical Outlook</h2>



Amazon shares edged lower in Wednesday’s premarket trading as a broader risk-off move weighed on technology stocks, with Nasdaq futures down 1.35%.



Despite the pullback, Amazon remains above its 100-day and 200-day moving averages, preserving its longer-term uptrend. However, the stock is trading below its 20-day and 50-day moving averages, while the MACD indicator remains bearish, signaling softer near-term momentum.



<h2>Earnings Expectations And Analyst Forecasts</h2>



Wall Street continues to view Amazon favorably ahead of its expected July 30 earnings report.



Analysts expect Amazon’s second-quarter earnings per share to rise to $1.82 from $1.68 a year earlier, representing 8.3% year-over-year growth. Revenue is projected to increase to $195.94 billion from $167.70 billion, marking 16.8% year-over-year growth.



The stock carries a Buy consensus rating and an average analyst price forecast of $320.86. Recent analyst moves include:



<ul>
<li>TD Cowen: Buy (Maintains forecast to $350.00) (May 12)</li>



<li>Truist Securities: Buy (Raises forecast to $320.00) (May 29)</li>



<li>Wells Fargo: Overweight (Lowers forecast to $312.00) (May 20)</li>
</ul>



<h2>Amazon Stock Price Activity</h2>



Price Action: Amazon.com shares were down 0.41% at $243.20 during premarket trading on Wednesday, according to Benzinga Pro data.



Image via Shutterstock

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Amazon has expanded its Less-Than-Truckload (LTL) freight service in the U.S. through Amazon Supply Chain Services, targeting shipments of one to six pallets with features like GPS tracking and EDI integration. This move deepens Amazon's entry into the $1.3 trillion global third-party logistics market, which analysts view as a key driver for long-term growth by leveraging existing retail infrastructure.

- Amazon.com Inc. expanded its less-than-truckload (LTL) freight service across the U.S., enhancing its third-party logistics capabilities with features like GPS tracking and automated scheduling.  
- The service, which supports one to six pallets, is backed by a network of over 80,000 trailers and follows strong demand from users since 2019.  
- Despite a slight dip in premarket trading, Wall Street maintains a favorable outlook for Amazon's upcoming earnings, with projected earnings per share increasing to $1.82 and revenue to $195.94 billion.

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

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WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

What's Going On With Amazon Stock Wednesday?