United Parcel Service Inc Class B

UPS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$263.00	Trvs	Fhdxqhlt

UPS Winning Back Domestic Volume Diversions, but 2024 Outlook Muted

Matthew Young

Mar 5, 2024

Business Strategy and Outlook

UPS is the giant among global small-parcel delivery companies, and it’s one of three commercial providers that dominate the landscape; FedEx and UPS are the major US incumbents, while DHL Express leads in Europe. The company divested its less-than-truckload division, UPS Freight, in the second quarter of 2021 as part of CEO Carol Tomé's "better, not bigger" framework.

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