Together, both companies deliver 80% of packages in the United States. IYT holds 9.3% of FedEx and 7.3% of UPS.
The prices of oil and gas hit new records today: gas went above $3.50 a gallon, while oil hit $119.90 a barrel, reports John Wilen for the Associated Press.
For full disclosure, some of Tom Lydon’s clients own shares of IYT.