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The Latest UPS Headlines
Holiday Shipping Will Be Wild This Year. That’s Good News for FedEx and UPS Stock.
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<blockquote data-quote="cheryl" data-source="post: 4636160" data-attributes="member: 1"><p><strong>Holiday Shipping Will Be Wild This Year. That’s Good News for FedEx and UPS Stock. - Barron's</strong></p><p></p><p>The Grinch couldn’t steal Christmas, and neither could Covid-19. But it is moving more shopping online and that’s good news for shipping companies.</p><p></p><p>Despite an economic recession, experts still expect holiday shopping to climb between 1% and 1.5%. That’s smaller than recent years’ gains, but given that many consumers will opt to do their shopping online, e-commerce could increase between 25% and 35% year over year, according to consulting firm Deloitte. For context, online sales in 2019 increased 15%. All those packages must get delivered on time, and United Parcel Service (ticker: UPS) and FedEx (FDX) will be the ones to deliver Christmas cheer.</p><p></p><p>The still-raging Covid-19 pandemic, combined with cold and flu season, is already reworking the outlook for retailers’ most crucial season, with companies vowing to close on Thanksgiving.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4636160, member: 1"] [B]Holiday Shipping Will Be Wild This Year. That’s Good News for FedEx and UPS Stock. - Barron's[/B] The Grinch couldn’t steal Christmas, and neither could Covid-19. But it is moving more shopping online and that’s good news for shipping companies. Despite an economic recession, experts still expect holiday shopping to climb between 1% and 1.5%. That’s smaller than recent years’ gains, but given that many consumers will opt to do their shopping online, e-commerce could increase between 25% and 35% year over year, according to consulting firm Deloitte. For context, online sales in 2019 increased 15%. All those packages must get delivered on time, and United Parcel Service (ticker: UPS) and FedEx (FDX) will be the ones to deliver Christmas cheer. The still-raging Covid-19 pandemic, combined with cold and flu season, is already reworking the outlook for retailers’ most crucial season, with companies vowing to close on Thanksgiving. [/QUOTE]
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Holiday Shipping Will Be Wild This Year. That’s Good News for FedEx and UPS Stock.
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