UPS' Latest Acquisition Adds a Crucial Element to Its Business
UPS (NYSE: UPS) finally filled a gaping hole in its business, one that allows the courier to expand beyond just delivering packages. Big Brown announced it was acquiring Roadie, a crowd-sourced same-day delivery company that gives UPS a big boost in staying competitive.
It's a timely purchase as we head into the holiday shopping season, with analysts expecting robust Christmas sales, meaning more package deliveries. But it's also anticipated that local same-day deliveries typically beyond UPS capabilities (meaning goods often not shipped in boxes) will also grow, and Roadie now provides the courier with the chance to get into that space, too.
Image source: Roadie.
Source Fool.com
