UPS could keep outpacing FedEx as e-commerce delivery market dims – Reuters
Summary
Oct 24 (Reuters) – United Parcel Service (UPS.N) investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival FedEx (FDX.N).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, v…….
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Oct 24 (Reuters) – United Parcel Service (UPS.N) buyers Want to see this week how the supply huge is managing by way of the bursting e-commerce supply bubble greater than rival FedEx (FDX.N).
The worldwide delivery downturn has been a margin drag For many operators Inside the sector, however UPS, when it reviews quarterly outcomes on Tuesday, will supply perception into The biggest method it has sheltered income and whether or not It might discover new enterprise to offset any ache.
Shares in UPS are down roughly 20% So far this yr, versus the 40% decline in FedEx inventory. Final month, FedEx pulled its full-yr steerage, blaming a steep drop in worldwide demand.
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“They’re greater enterprise people, they execute greater, (and) they’re persistently, signalificantly extra worthwhile than FedEx,” Dean Maciuba, a former FedEx gross sales authorities turned enterprise advisor, said of UPS.
UPS seems to have carried out A greater job recognizing and responding to the slowdown that hammered FedEx, which had too many planes Inside the air and vans on the road, analysts and buyers said.
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