Demand for container shipping is a sinking ship. Major ocean ports across the globe are logjammed, and ships are anchored for weeks, unable to move. The next best thing after ocean shipping? Air freight. With the demand for air freight likely to get a boost from the dwindling demand for ocean container shipping, logistics players with established air freight fleets like United Parcel (NYSE:UPS) and FedEx (NYSE:FDX) are likely to get a lift. When the world was mostly stuck at home through 2020 and 2021, online shopping activity grew manifold. This put pressure on logistics companies which, at that point, mostly preferred ocean shipping rather than air mail.
https://www.tipranks.com/news/article/why-air-freight-demand-lift-might-help-fedex-and-ups?utm_source=advfn.com&utm_medium=referral
United Parcel Service (NYSE:UPS)
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United Parcel Service (NYSE:UPS)
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