I wonder why? UPS just settled their Teamster freight contract for 5 years. A series of tailwinds for the earnings call and oil prices have been lower. Returns volume and on-line ordering via gift cards hit a huge all-time high. It just doesn't seem like there should be much negativity surrounding UPS vs. FDX.
This morning UPS is off .6% and FDX is up 1.4%. I suspect when FDX reports their Q3 in March that will include the December peak, the results for underwhelm particularly since the weather seems bound and determined to wreak on-going havoc with delivery companies. We're expecting frigid temps and 7-11 inches in the Philly area today.
You better read the news, ups missed lot of packages during the holidays because of that they lost lot of contracts/ business.Lot of these companies moved to FDX. On 30th January you will see a blood bath.Low $90s.