<p><strong>聯合包裹</strong>(UPS -0.41%) 是全球最大的運輸和物流公司之一。該公司於 1999 年上市，當時籌集了近 55 億美元的創紀錄資金，這仍然是今天最大的首次公開募股之一。</p>
<p>然而，UPS 近年來表現不佳。隨着 COVID-19 疫情後的運輸量下降，該公司面臨困境。隨後，許多專家認為該行業經歷了一場貨運衰退。今年年初，UPS 在宣佈將與 <strong>亞馬遜</strong> 的合作關係縮減約 50% 時，令華爾街許多人感到意外。</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>圖片來源：Getty Images。</p>
<p>管理層將這一決定描述為戰略性，原因是該業務的利潤微薄。但亞馬遜是 UPS 最大的客户，因此投資者對這一消息反應不佳。今年，UPS 還在應對關税的影響。在今年第二季度，UPS 繼續看到收入下降。由於 “當前的宏觀經濟不確定性”，管理層沒有提供收入或營業利潤的指導。</p>
<h2>如果你在五年前投資了 1000 美元於 UPS</h2>
<p>由於這些挑戰，UPS 的股票遭受重創。今年股價下跌約 30%，過去五年下跌超過 50%，考慮到整體市場的強勁表現，這個結果相當艱難。</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>數據來源：YCharts。</p>
<p>如上所示，1000 美元投資於 UPS 現在僅值 496 美元，而投資於更廣泛的基準 <strong>標準普爾 500</strong> 指數幾乎使 1000 美元的投資翻倍。UPS 確實擁有超過 7.5% 的超高收益股息，但顯然該公司需要做更多工作以重獲投資者的信心。</p>

聯合包裹

<p>聯合包裹（UPS）近年來面臨重大挑戰，包括運輸量下降和與亞馬遜的戰略性合作減少。因此，UPS 的股票在過去五年中下跌超過 50%，原本 1000 美元的投資現在僅值 496 美元。儘管公司擁有超過 7.5% 的高股息收益率，但在持續的宏觀經濟不確定性中，公司必須努力恢復投資者信心</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>聯合包裹</strong>(UPS -0.41%) 是全球最大的運輸和物流公司之一。該公司於 1999 年上市，當時籌集了近 55 億美元的創紀錄資金，這仍然是今天最大的首次公開募股之一。</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 近年來表現不佳。隨着 COVID-19 疫情後的運輸量下降，該公司面臨困境。隨後，許多專家認為該行業經歷了一場貨運衰退。今年年初，UPS 在宣佈將與 <strong>亞馬遜</strong> 的合作關係縮減約 50% 時，令華爾街許多人感到意外。</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>圖片來源：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>管理層將這一決定描述為戰略性，原因是該業務的利潤微薄。但亞馬遜是 UPS 最大的客户，因此投資者對這一消息反應不佳。今年，UPS 還在應對關税的影響。在今年第二季度，UPS 繼續看到收入下降。由於 “當前的宏觀經濟不確定性”，管理層沒有提供收入或營業利潤的指導。</p>
</div><h2>If you'd invested $1,000 in UPS five years ago</h2>
<div class="lb-trans"><h2>如果你在五年前投資了 1000 美元於 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>由於這些挑戰，UPS 的股票遭受重創。今年股價下跌約 30%，過去五年下跌超過 50%，考慮到整體市場的強勁表現，這個結果相當艱難。</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>數據來源：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 美元投資於 UPS 現在僅值 496 美元，而投資於更廣泛的基準 <strong>標準普爾 500</strong> 指數幾乎使 1000 美元的投資翻倍。UPS 確實擁有超過 7.5% 的超高收益股息，但顯然該公司需要做更多工作以重獲投資者的信心。</p>
</div>

如果你在 5 年前投資了 1,000 美元於聯合包裹（UPS），今天你會擁有多少