FedEx and UPS Should Hold Their Christmas Lows

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 3, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx and UPS Should Hold Their Christmas Lows - Investopedia

    Package delivery giants FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) ended 2018 deep in bear market territory, but both are 8.1% above their Christmas lows of $150.94 and $89.89, respectively. Both set all-time intraday highs in January 2018, and FedEx is 40.6% below its all-time high of $274.66 set on Jan. 18, 2018, while UPS is 28.3% below its all-time high of $135.53 set on Jan. 19, 2018.

    Both delivery benchmarks have been hurt by competition from the U.S. Postal Service and by planned air freight service offerings from Amazon.com, Inc.'s (AMZN) Amazon Air. In addition, there are economic challenges from a European slowdown and Brexit.
     
  2. Indecisi0n

    Indecisi0n Well-Known Member

    Layoffs here we come !
     
  3. Fred's Myth

    Fred's Myth Nonhyphenated American

    Lucky for FedEx employees, Corporate has a no lay-off record it brags about.
    They don’t lay off, they displace you into unemployment.