Is UPS Stock A Buy Amid Coronavirus E-Commerce Boom? - Investor's Business Daily
United Parcel Service is the world's largest express carrier and package delivery company. It's bigger than archrival FedEx. UPS stock plunged due to impact from coronavirus, but then skyrocketed amid the e-commerce boom. But is UPS stock a good buy right now?
Founded back in 1907, the shipping giant offers customers a wide range of supply-chain services, including freight forwarding, fulfillment, customs brokerage, returns and even financial transactions.
Size is key. UPS delivers millions of packages across the globe each day. In 2019 it delivered 21.9 million per day on average. This translates to 5.5 billion packages through the year. UPS also has been investing heavily to adapt to the changing market in the face of the e-commerce revolution.
United Parcel Service is the world's largest express carrier and package delivery company. It's bigger than archrival FedEx. UPS stock plunged due to impact from coronavirus, but then skyrocketed amid the e-commerce boom. But is UPS stock a good buy right now?
Founded back in 1907, the shipping giant offers customers a wide range of supply-chain services, including freight forwarding, fulfillment, customs brokerage, returns and even financial transactions.
Size is key. UPS delivers millions of packages across the globe each day. In 2019 it delivered 21.9 million per day on average. This translates to 5.5 billion packages through the year. UPS also has been investing heavily to adapt to the changing market in the face of the e-commerce revolution.
