It’s that time of year again… We’re less than two weeks away from Christmas. And that means we’re right in the thick of peak postal season.
In fact, the U.S. Postal Service (“USPS”) says that it has already delivered 3 billion pieces of mail and packages this holiday season. That sounds like a huge number. But in context, it’s not as big as you might think… Consider that during the 2019 holiday season, USPS delivered about 16 billion pieces of mail and packages. By 2022, that number had declined to less than 12 billion.
Now, you might be thinking that this should be good for private carriers. And in one sense, you’d be right. If people are still shipping packages but not through USPS, they would be using private carriers instead.
But when it comes down to these companies’ stocks, it’s a different story. One critical signal shows the big-name private carriers you know are in “bearish” territory. And that means there are better places to put your money today…
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