Is (UPS) Outperforming Other Transportation Stocks This Year?
For example, one common line of thought is that Amazon.com's (NASDAQ: AMZN) expansion of its delivery network will eat into revenue and profits at UPS and FedEx (NYSE: FDX). It's no secret that Amazon is expanding its delivery network, and that's caused some disruption at UPS and FedEx. Indeed, FedEx has ended contracts with Amazon, and UPS has had to adjust its business strategy in response -- its focus on the small and medium-sized (SMB) market for growth is one example.
United Parcel Service (UPS) closed at $198.05 in the latest trading session, marking a -1.18% move from the prior day.