11 Best Freight Stocks To Buy Now

Page 2 of 10

9. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Investors: 43

United Parcel Service, Inc. (NYSE:UPS) is a global leader in package delivery and supply chain management. The company offers a variety of freight shipping services, including air, ocean, ground, and express shipping. United Parcel Service, Inc.’s (NYSE:UPS) major clients include the United States Postal Service (USPS) along with other small businesses and large corporations across various industries.

Through its Digital Access Program (DAP), United Parcel Service, Inc. (NYSE:UPS) is providing competitive shipping rates without requiring a dedicated UPS account. By doing so, the company is focusing on increasing volumes to leverage economies of scale and lower costs. This strategy is proving to be highly beneficial, in the first nine months of 2024, DAP generated $2.3 billion in global revenue. The company expects to exceed $3 billion in revenue for the full year. Moreover, United Parcel Service, Inc. (NYSE:UPS) is expanding its temperature-sensitive healthcare logistics capabilities, which is a growing and high-margin segment. The company recently announced its acquisition of Frigo-Trans and its sister company BPL, a European leader in temperature-controlled transportation and warehousing. The acquisition is expected to close by Q1 2025.

For the 2024 holiday season, United Parcel Service, Inc. (NYSE:UPS) has announced to addition of over 200 flights to ensure robust and reliable service. The company is also collaborating closely with customers to manage volume expectations and is using RFID technology and network planning tools to optimize its operations.

Page 2 of 10