Reuters: Costly fuel and harsh weather are leading more people to shop from home this year -- good news for FedEx (FDX.N) and United Parcel Service (UPS.N) as online sales jumped by double digits in the first quarter.
"It is a big deal. It's a growing portion of the business," for UPS and FedEx, said Jason Seidl, Dahlman Rose & Co. transportation analyst. "They've made sure that they can integrate themselves into a global e-commerce supply chain."
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"It is a big deal. It's a growing portion of the business," for UPS and FedEx, said Jason Seidl, Dahlman Rose & Co. transportation analyst. "They've made sure that they can integrate themselves into a global e-commerce supply chain."
Read more!
