It's no secret that United Parcel Service, Inc (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are key beneficiaries of the e-commerce revolution. While that's good news from a revenue growth perspective, it's not necessarily a good thing from a margin and cash flow perspective. Both companies are facing margin pressure from growing e-commerce deliveries, and UPS in particular is having to ramp up capital expenditures and costs in order to support future growth.
In this context, let's take a look at what's going on at UPS and how it affects the investment proposition.
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