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The Latest UPS Headlines
FedEx and UPS Could Benefit From Higher Postal Prices. Trade Might Get in the Way.
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<blockquote data-quote="cheryl" data-source="post: 4230723" data-attributes="member: 1"><p><a href="https://www.barrons.com/articles/fedex-ups-post-office-pries-express-shipping-trade-war-51570735519" target="_blank"><strong>FedEx and UPS Could Benefit From Higher Postal Prices. Trade Might Get in the Way. - Barron's</strong></a></p><p></p><p>The U.S. Postal Service is asking for an average 5.4% increase for its express-shipping products in its proposed 2020 price increases submitted Wednesday. That is a bit of good news for parcel shippers such as United Parcel Service and FedEx, which might cheer the tailwind to industry pricing.</p><p></p><p><strong>J.P. Morgan</strong>, however, thinks investors should keep higher pricing in perspective. “We expect a muted reaction from [the parcel shippers],” analyst <strong>Brian Ossenbeck</strong> wrote in a Thursday research report, saying that price increases “weren’t another step-change like 2019.”</p><p></p><p>The increase is healthy, but <a href="https://www.stamps.com/usps/postage-rate-increase/?mod=article_inline" target="_blank">lags behind</a> last year’s request of about 7.3%, according to data from Stamps.com (ticker: STMP).</p></blockquote><p></p>
[QUOTE="cheryl, post: 4230723, member: 1"] [URL='https://www.barrons.com/articles/fedex-ups-post-office-pries-express-shipping-trade-war-51570735519'][B]FedEx and UPS Could Benefit From Higher Postal Prices. Trade Might Get in the Way. - Barron's[/B][/URL] The U.S. Postal Service is asking for an average 5.4% increase for its express-shipping products in its proposed 2020 price increases submitted Wednesday. That is a bit of good news for parcel shippers such as United Parcel Service and FedEx, which might cheer the tailwind to industry pricing. [B]J.P. Morgan[/B], however, thinks investors should keep higher pricing in perspective. “We expect a muted reaction from [the parcel shippers],” analyst [B]Brian Ossenbeck[/B] wrote in a Thursday research report, saying that price increases “weren’t another step-change like 2019.” The increase is healthy, but [URL='https://www.stamps.com/usps/postage-rate-increase/?mod=article_inline']lags behind[/URL] last year’s request of about 7.3%, according to data from Stamps.com (ticker: STMP). [/QUOTE]
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FedEx and UPS Could Benefit From Higher Postal Prices. Trade Might Get in the Way.
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