The pandemic-led slowdown in several businesses was expected to severely drag down FedEx and United Parcel due to lower B2B (business-to-business) shipments. But social distancing restrictions and the temporary closure of retail stores caused an unprecedented rise in e-commerce sales, which in turn boosted the demand for FedEx and UPS. Prior to the pandemic, Fedex projected that the US domestic market would touch 100 million packages per day by 2026. But now the company predicts that the US domestic parcel market will hit this mark as soon as 2023.FedEx and UPS are now gearing up for the holiday season, which …read more
Source:: Yahoo Finance
