/United%20Parcel%20Service%2C%20Inc_%20delivery%20truck-by%20pablorebo1984%20via%20iStock.jpg)
United Parcel Service, Inc. (UPS), headquartered in Atlanta, Georgia, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. Valued at $110.3 billion by market cap, UPS is a leading provider of global supply chain management solutions and delivers packages each business day for 1.6 million shipping customers to 10.2 million delivery customers in over 200 countries and territories.
Shares of this logistics giant have underperformed the broader market considerably over the past year. UPS has declined 24.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.8%. In 2024, UPS stock is down 18.7%, while SPX is up 17.8% on a YTD basis.