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The Latest UPS Headlines
UPS Stock Gains on Earnings Even as Amazon Breathes Down Its Neck
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<blockquote data-quote="cheryl" data-source="post: 3932272" data-attributes="member: 1"><p><strong>UPS Stock Gains on Earnings Even as Amazon Breathes Down Its Neck - Barrons</strong></p><p></p><p>United Parcel Service stock (UPS) is jumping after its fourth-quarter earnings report. The delivery giant notched a better-than-expected profit, which helped to outweigh guidance that came in on the light side.</p><p></p><p><strong>The Back Story.</strong> With armies of trucks and deliverymen hitting the streets over the holiday season, the casual observer might assume that it’s a great time to be a logistics provider, as more shopping shifts online, resulting in a greater volume of packages. Yet both UPS and rival FedEx (FDX) had a tough 2018. Higher oil prices were part of the problem, at least earlier in the year, but the main issue was that increased package volume.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3932272, member: 1"] [B]UPS Stock Gains on Earnings Even as Amazon Breathes Down Its Neck - Barrons[/B] United Parcel Service stock (UPS) is jumping after its fourth-quarter earnings report. The delivery giant notched a better-than-expected profit, which helped to outweigh guidance that came in on the light side. [B]The Back Story.[/B] With armies of trucks and deliverymen hitting the streets over the holiday season, the casual observer might assume that it’s a great time to be a logistics provider, as more shopping shifts online, resulting in a greater volume of packages. Yet both UPS and rival FedEx (FDX) had a tough 2018. Higher oil prices were part of the problem, at least earlier in the year, but the main issue was that increased package volume. [/QUOTE]
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UPS Stock Gains on Earnings Even as Amazon Breathes Down Its Neck
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