The acceleration of business-to-consumer shipments during the Covid-19 pandemic has been a boon to the big, national small-package companies.
The spike in demand that came from a surge in online shopping flooded the United Parcel Service Inc. and FedEx Corp. delivery networks with shipments and allowed both companies to raise their shipping rates. Their stock prices soared after initially dipping as widespread lockdowns began in the early days of the pandemic.
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