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The Latest UPS Headlines
At-home shopping leaps, driving UPS, Fedex demand
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<blockquote data-quote="cheryl" data-source="post: 837181" data-attributes="member: 1"><p><strong><a href="http://www.reuters.com/article/2011/05/11/ups-fedex-idUSN1125569420110511" target="_blank">At-home shopping leaps, driving UPS, Fedex demand - Reuters</a></strong></p><p></p><p>Costly fuel and harsh weather are leading more people to shop from home this year -- good news for FedEx (FDX.N) and United Parcel Service (UPS.N) as online sales jumped by double digits in the first quarter.</p><p></p><p> "It is a big deal. It's a growing portion of the business," for UPS and FedEx, said Jason Seidl, Dahlman Rose & Co. transportation analyst. "They've made sure that they can integrate themselves into a global e-commerce supply chain."</p><p></p><p>E-commerce "continues to be one of the long-term growth drivers in our industry," UPS Chief Financial Officer Kurt Kuehn said in an interview after the company released first-quarter results.</p></blockquote><p></p>
[QUOTE="cheryl, post: 837181, member: 1"] [B][URL="http://www.reuters.com/article/2011/05/11/ups-fedex-idUSN1125569420110511"]At-home shopping leaps, driving UPS, Fedex demand - Reuters[/URL][/B] Costly fuel and harsh weather are leading more people to shop from home this year -- good news for FedEx (FDX.N) and United Parcel Service (UPS.N) as online sales jumped by double digits in the first quarter. "It is a big deal. It's a growing portion of the business," for UPS and FedEx, said Jason Seidl, Dahlman Rose & Co. transportation analyst. "They've made sure that they can integrate themselves into a global e-commerce supply chain." E-commerce "continues to be one of the long-term growth drivers in our industry," UPS Chief Financial Officer Kurt Kuehn said in an interview after the company released first-quarter results. [/QUOTE]
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