UPS Could Keep Outpacing FedEx as e-commerce Delivery Market Dims
Thursday, October 27th, 2022
United Parcel Service investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival FedEx.
The global shipping downturn has been a margin drag for most operators in the sector, but UPS, when it reports quarterly results on Tuesday, will offer insight into how it has sheltered profits and whether it can find new business to offset any pain.
Shares in UPS are down roughly 20% so far this year, versus the 40% decline in FedEx stock. Last month, FedEx pulled its full-year guidance, blaming a steep drop in global demand. See more.
