UPS Makes Shareholders Wait to Celebrate - Bloomberg The company needs to devote some of its tax windfall to network upgrades, but investors are right to be wary. United Parcel Service Inc. is doing right by President Donald Trump's standards, but that's hardly what shareholders want to see right now. The delivery company's predominantly U.S.-focused business and high effective tax rate had Wall Street eyeing a cash and profit windfall as the recently passed tax cuts take hold. But a joyous announcement akin to rival FedEx Corp.'s December estimate of an extra $1 billion in profit this year was not to be. Instead, UPS on Thursday said it would funnel a large chunk of the extra resources back into capital expenditures to help adapt its network to the deluge of e-commerce shipments. Its 2018 guidance was also well short of analysts' expectations even at the high end of the range. Shareholders were unimpressed.