Uline Stock Price and Symbol
What is Uline’s stock price, and are they publicly traded? Unfortunately, investors cannot purchase shares of Uline because it is a private company. However, FedEx (NYSE: FDX), Amazon (NASDAQ: AMZN), and United Postal Service (NYSE: UPS) are shipping stocks that traders can invest in.It’s incredible how many packages are shipped worldwide on any given day. Drive down any residential street, and you are guaranteed to pass at least one Amazon or FedEx truck. The shipping and logistics industry has grown exponentially over the past decade. Ever since Amazon introduced 2-day shipping, anything longer is considered unimaginable. With the number of packages and parcels shipped daily, have you ever wondered how many supplies it takes to run this industry? Investors often refer to companies like Uline as the picks and shovels of an industry. It might not produce the finished product but provides the tools and materials that keep the sector going. The term picks and shovels comes from the gold mining industry. Everyone knows that the demand for gold will always be there. Rather than going after the market for the finished product, why not provide the tools needed to mine the gold? You can use the same analogy for Uline and shipping. This article will discuss Uline’s corporate history, buying Uline stock, and investing in the shipping and logistics industry.
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Uline Introduction (No Stock Symbol)
Uline is a privately owned American company that sells shipping products and supplies in the United States and Canada. It was established in 1980 in Pleasant Prairie, Wisconsin, after being founded in Lake Forest, Illinois. Richard and Elizabeth Uihlein started the company created Uline in their basement. Richard, an heir to the Schlitz brewing company, received a business loan from his father to get started. The Uihlein’s are now billionaires and are major donors to the Republican party in the United States. The family is generous with donations and supports many conservative and right-wing organizations. Most recently, the family has donated to former President Trump’s campaign to return to the Oval Office in 2024. As for the company, Uline is a family-run organization. Elizabeth is the company’s President and CEO, while Richard is the Chairman of the Board of Directors. Their three children are all executives for Uline and will likely take over the company once Elizabeth and Richard are ready to retire. Uline expanded quickly across the United States, establishing operations in California, Illinois, Minnesota, and New Jersey in the first few years. In the 2000s, Uline expanded into Canada and Mexico. As of 2024, Uline’s catalog is more than 850 pages long and offers more than 42,000 products for sale.
Can I Trade Uline Stock?
No, Uline is a privately owned business operated by the Uihlein family in Wisconsin. Uline has never traded publicly, nor have the Uihleins ever considered bringing it public via an initial public offering (IPO). Since the Uihlein’s three children are executives within the company, it doesn’t look like Uline is planning to go public in the future either. Of course, plans can change, but for now, don’t expect to be able to buy Uline stock anytime soon. Are you interested in investing in the shipping and logistics industry? Since investing in Uline stock is not an option, you might want to consider some of its rivals or partners. In this next section, I’ll choose the best shipping stocks to buy in 2024.
Uline Stock Competitors
The shipping industry is an important sector of global commerce and connectivity. It helps support the economy and allows businesses to continue operating without interruption. For consumers, it means having access to products and services worldwide. These days, shipping and delivery are nearly immediate, with some local and domestic deliveries occurring within the same day. As investors, how can we take advantage of the companies in this industry? Here are my choices for your portfolio’s best shipping and delivery stocks since you can’t buy Uline stock.
1. Amazon (NASDAQ: AMZN)
Writing an article about shipping and logistics stocks is hard without discussing Amazon. This company changed the industry when introducing 2-day shipping as the new normal. Today, Amazon’s’ distribution infrastructure is so vast that shipments can often arrive within the same business day. Amazon is in more than 58 countries worldwide and has over 1.2 billion customers. Over 200 million of those customers are Amazon Prime subscription members. Amazon also has multiple other segments, including its Amazon Web Services (AWS) cloud computing service, Amazon Prime Video streaming, and live sports channels. But what about Amazon stock? It hasn’t provided the same returns as other mega-cap tech stocks. AMZN’s shares have returned 86% to investors over the past five years. It does not pay a dividend like other mega-cap tech companies either. Amazon is a component of the S&P 100, S&P 500, NASDAQ 100, and the Dow Jones Industrial Average. It is the fifth-largest company in the world by market capitalization as of September 2024. A great Uline stock alternative!
2. International Paper Company (NYSE: IP)
We go from one of the most well-known companies in the world to one of the most boring. All jokes aside, International Paper Company is the world’s largest pulp and paper company, with a market capitalization of $16 billion. This company was founded in 1898 and is in Memphis, Tennessee. At one point, International Paper Company provided more than 60% of America’s newsprint. The company owns other well-known paper subsidiaries like Hammermill and Temple-Inland. The stock has behaved as you might expect for a pulp and paper company. Shares have not beaten the market over the past five years, as they have provided returns of just 16%. Interestingly enough, in 2024, this stock returned an impressive 28.9%, doubling Amazon’s year-to-date returns. IP stock also pays shareholders a generous dividend yield of 3.93% each quarter. Here is another good Uline stock alternative.
3. FedEx (NYSE: FDX)
FedEx, previously known as Federal Express, is one of the world’s largest shipping and distribution companies. The company was founded in 1971 and is in Memphis, Tennessee. There are more than 2,000 FedEx locations, and the company services nearly every country worldwide regarding shipping and deliveries. It is one of the largest partners of the United States Postal Service and is considered a bellwether company of the US economy. Shares of FDX have returned more than 63.0% to shareholders over the past five years, including 12.5% in 2024. Historically, FedEx has been a generous dividend payer, consistently increasing its distribution. The company had to stop dividend raises in 2020 during the pandemic, but has increased each year since. The stock currently pays a yield of 1.94% to shareholders each quarter.
4. United Parcel Service (NYSE: UPS)
United Parcel Service, or UPS, is one of FedEx’s largest competitors in the global shipping market. UPS was first known as the American Messenger Company in 1907 and originally specialized in telegraphs. It is the largest courier company in the world by annual revenue, with over $90 billion in revenue in 2023. As of 2024, UPS has over 500,000 employees and services nearly every country globally. Although a larger company, UPS stock has trailed FedEx’s returns over the past five years. UPS shares have returned just 5.8%, underperforming the benchmark S&P 500 index. This stock is a component of the S&P 100, S&P 500, and the Dow Jones Transportation Average (DJTA). UPS pays an impressive yield of 5.02% and has increased it in the past fifteen years.
5. Packaging Corp of America (NYSE: PKG)
The last company on my list is much smaller than Amazon, FedEx, or UPS. When I look for companies for lists like these, I love finding smaller, lesser-known stocks. The Packaging Corp of America fits this to a tee. This company specializes in consumer and corporate delivery packaging and corrugated solutions. As for the stock, you might be surprised to learn that it has outperformed most of the stocks on my list. Shares of PKG have returned nearly 90% over the past five years. The stock is a component of the S&P 500 index and pays a current dividend yield of 2.44%. PKG has raised its dividend in each of the past fourteen years.
Final Thoughts: Uline Stock
Shipping and distribution networks are foundational pieces of the global economy. As you can see from my list of shipping stocks, companies like Uline perform well in most economic environments. Most of the stocks I recommended have outperformed the S&P 500 index over the past five years.Uline itself is not a public company, so you won’t be able to buy any Uline stock. Still, if you are a Uline customer and think it would be a good company to invest in, consider some of the other shipping stocks I discussed in this article.If you enjoyed this Uline stock article, check out our trading community at BullishBears.com!
Frequently Asked Questions
Is Uline a Public Company?
No, Uline is not a public company. Uline was founded in 1980 by Richard and Elizabeth Uihlein and has remained private ever since. As of 2024, there are no plans for the Uihlein family to bring Uline to the public market.
Who is Uline Owned By?
Richard and Elizabeth Uihlein own Uline. Elizabeth is still the company's President and CEO, while Richard is the Chairman of the Board of Directors. Three of their children are also executives for Uline.
Are Uline Products Made in China?
Nowadays, it is difficult to avoid having products made in China or other countries with lower manufacturing costs. Despite this, Uline is proud to have more than 70% of its product offerings made in the United States.
Can You Buy From Uline Direct?
Uline has a unique business platform because it has no brick-and-mortar retail stores. You can pick up orders at a Uline branch store, order online, or by phone for delivery.
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