Earnings came out and the withdrawal of Amazon hurt. But on another level, their forecasts may be overly optimistic based on their assumptions of moderate US growth and stable international trade. Neither of these options seeing playing out well in 2020, but can't blame them for being optimistic.
Is the FedEx drop the value of Amazon's business. I probably didn't help. Will need to watch the other transportation players if you want. But referencing the BK of Caledon and drop in Class 8 trucks, things are not well and are continuing to deteriorate. I don't think it is due to Amazon. Just a scapegoat.
Goods are not moving and transport is getting hammered now. Are people going to notice or in another 6 months from now. Or who care's the stock market continues to go up.