Postal Service closures may help parcel companies; FDX, UPS - Learning Markets
The United States Postal Service yesterday announced that a $7 billion loss may require the shutdown of operation centers and branches across the country. This is good news for public parcel companies who stand poised to gain.
United Parcel Service, Inc. (UPS) is the most obvious candidate, and this news will only add to the strength it has seen in the last three weeks as it is holding steady above $50. The Company focuses its operations in the field of transportation services, mainly in domestic and international letter and package delivery. Through subsidiaries, it is a global provider of transportation, logistics and financial services.
The United States Postal Service yesterday announced that a $7 billion loss may require the shutdown of operation centers and branches across the country. This is good news for public parcel companies who stand poised to gain.
United Parcel Service, Inc. (UPS) is the most obvious candidate, and this news will only add to the strength it has seen in the last three weeks as it is holding steady above $50. The Company focuses its operations in the field of transportation services, mainly in domestic and international letter and package delivery. Through subsidiaries, it is a global provider of transportation, logistics and financial services.
