<p><strong>联合包裹</strong>(UPS -0.41%) 是全球最大的运输和物流公司之一。该公司于 1999 年上市，当时筹集了近 55 亿美元的创纪录资金，这仍然是今天最大的首次公开募股之一。</p>
<p>然而，UPS 近年来表现不佳。随着 COVID-19 疫情后的运输量下降，该公司面临困境。随后，许多专家认为该行业经历了一场货运衰退。今年年初，UPS 在宣布将与 <strong>亚马逊</strong> 的合作关系缩减约 50% 时，令华尔街许多人感到意外。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5NTUvcGVyc29uLWNvbmNlcm5lZC01LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5NTUvcGVyc29uLWNvbmNlcm5lZC01LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>管理层将这一决定描述为战略性，原因是该业务的利润微薄。但亚马逊是 UPS 最大的客户，因此投资者对这一消息反应不佳。今年，UPS 还在应对关税的影响。在今年第二季度，UPS 继续看到收入下降。由于 “当前的宏观经济不确定性”，管理层没有提供收入或营业利润的指导。</p>
<h2>如果你在五年前投资了 1000 美元于 UPS</h2>
<p>由于这些挑战，UPS 的股票遭受重创。今年股价下跌约 30%，过去五年下跌超过 50%，考虑到整体市场的强劲表现，这个结果相当艰难。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/85331e28017c9a5d1fc57b79f437ae96.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/85331e28017c9a5d1fc57b79f437ae96.png"/></p>
<p>数据来源：YCharts。</p>
<p>如上所示，1000 美元投资于 UPS 现在仅值 496 美元，而投资于更广泛的基准 <strong>标准普尔 500</strong> 指数几乎使 1000 美元的投资翻倍。UPS 确实拥有超过 7.5% 的超高收益股息，但显然该公司需要做更多工作以重获投资者的信心。</p>

联合包裹

<p>联合包裹（UPS）近年来面临重大挑战，包括运输量下降和与亚马逊的战略性合作减少。因此，UPS 的股票在过去五年中下跌超过 50%，原本 1000 美元的投资现在仅值 496 美元。尽管公司拥有超过 7.5% 的高股息收益率，但在持续的宏观经济不确定性中，公司必须努力恢复投资者信心</p>

<p><strong>United Parcel Service</strong>(UPS -0.41%) is one of the largest shipping and logistics companies in the world. The company went public in 1999, raising a record-breaking nearly $5.5 billion at the time, which is still among the largest initial public offerings today.</p>
<div class="lb-trans"><p><strong>联合包裹</strong>(UPS -0.41%) 是全球最大的运输和物流公司之一。该公司于 1999 年上市，当时筹集了近 55 亿美元的创纪录资金，这仍然是今天最大的首次公开募股之一。</p>
</div><p>However, UPS has not fared well in recent years. The company struggled as shipping volume declined following the COVID-19 surge. Then, the sector went through what many experts believed to be a freight recession. At the beginning of the year, UPS surprised many on Wall Street when it announced that it would scale back its partnership with <strong>Amazon</strong> by about 50%.</p>
<div class="lb-trans"><p>然而，UPS 近年来表现不佳。随着 COVID-19 疫情后的运输量下降，该公司面临困境。随后，许多专家认为该行业经历了一场货运衰退。今年年初，UPS 在宣布将与 <strong>亚马逊</strong> 的合作关系缩减约 50% 时，令华尔街许多人感到意外。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5NTUvcGVyc29uLWNvbmNlcm5lZC01LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836955%2Fperson-concerned-5.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Management described the decision as strategic, due to slim margins on the business. But Amazon was UPS' largest customer, so investors did not receive the news well. UPS has also been dealing with the effect of tariffs this year. In the second quarter of the year, UPS continued to see revenue decline. Management did not provide guidance for revenue or operating profits due to &#34;current macro-economic uncertainty.&#34;</p>
<div class="lb-trans"><p>管理层将这一决定描述为战略性，原因是该业务的利润微薄。但亚马逊是 UPS 最大的客户，因此投资者对这一消息反应不佳。今年，UPS 还在应对关税的影响。在今年第二季度，UPS 继续看到收入下降。由于 “当前的宏观经济不确定性”，管理层没有提供收入或营业利润的指导。</p>
</div><h2>If you'd invested $1,000 in UPS five years ago</h2>
<div class="lb-trans"><h2>如果你在五年前投资了 1000 美元于 UPS</h2>
</div><p>Due to these challenges, UPS' stock has been hammered. It's trading down about 30% this year and over 50% in the past five years, which is a tough outcome considering the strength of the broader market.</p>
<div class="lb-trans"><p>由于这些挑战，UPS 的股票遭受重创。今年股价下跌约 30%，过去五年下跌超过 50%，考虑到整体市场的强劲表现，这个结果相当艰难。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/85331e28017c9a5d1fc57b79f437ae96.png" alt="" original-src="https://media.ycharts.com/charts/85331e28017c9a5d1fc57b79f437ae96.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>As you can see above, a $1,000 investment in UPS would only be worth $496 now, while investing in the broader benchmark <strong>S&amp;P 500</strong> index would have nearly doubled the $1,000 investment. UPS does have an ultra-high-yielding dividend yield of over 7.5%, but the company clearly has work to do to win back the confidence of investors.</p>
<div class="lb-trans"><p>如上所示，1000 美元投资于 UPS 现在仅值 496 美元，而投资于更广泛的基准 <strong>标准普尔 500</strong> 指数几乎使 1000 美元的投资翻倍。UPS 确实拥有超过 7.5% 的超高收益股息，但显然该公司需要做更多工作以重获投资者的信心。</p>
</div>

如果你在 5 年前投资了 1,000 美元于联合包裹（UPS），今天你会拥有多少