What UPS' Big Earnings Miss Means For The Future Of Home Delivery

The way consumers want their deliveries is changing. gettyUPS’ shares dived over 13% today based on the company’s report that 2nd quarter earnings were down about 30%. Among other things, UPS said that shippers with “explosive” volumes, said by Reuters to be Chinese discounters Shein and Temu, are choosing lower-cost, less rapid delivery options that are squeezing UPS’ profit.The news also pulled down Fedex stock today by more than 2%.Why Is This Happening?There has been an assumption that the retailer or b ...