Third time's a charm for UPS at Christmas, but FedEx stumbles

cheryl

I started this.
Staff member
Third time's a charm for UPS at Christmas, but FedEx stumbles - Reuters

After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year while its main rival FedEx had a last-minute stumble that left some gifts undelivered until after the holiday.

"It seems like the third time's a charm for UPS," said Kent Winegar, portfolio manager at Austin, Texas-based Terry McDaniel & Co, which manages assets of around $900 million and holds nearly $15 million in UPS stock. "But if e-commerce keeps growing at such a rapid rate we'll see how they do next year."
 
Top