Q4 air cargo surge expected, but e-commerce will dominate capacity
A busy Q3 for airfreight has heightened expectations that a Q4 surge will be stronger ...
© Jerome Cid
SEEKING ALPHA reports:
– Citi upgrades UPS (NYSE:UPS) to a Buy rating from Neutral as its takes a more constructive view on the shipping giant.
– The firm thinks parcel companies will continue to display pricing power to help offset any slowing shipping volume growth. Strong pricing and labor cost insulation from a recent union contract are seen helping to boost margins. Solid growth in the domestic segment is anticipated to help UPS top consensus marks for 2022.
– Analyst Christian Wetherbee also has something to say about the UPS vs. FedEx (NYSE:FDX) debate…
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