Will United Parcel Service (UPS) Be Able to Regain Lost Volume and Improve Cost Structure?

Artisan Partners, an investment management company, released its “Artisan Value Fund” first quarter 2024 investor letter.  A copy of the same can be downloaded here. The robust US economy, a general disinflation trend, and increased corporate earnings pushed the US equity markets to a new all-time high in the first quarter. The fund’s Investor Class ARTLX, Advisor Class APDLX, and Institutional Class APHLX returned 8.65%, 8.71%, and 8.71% respectively, in the first quarter compared to...