We recently issued an updated report on United Parcel Service, Inc. UPS.The company is being aided by a significant increase in home deliveries amid the prevalent coronavirus pandemic. Notably, the need for door-to-door delivery of essentials during this crisis is increasing. Also, UPS Airlines, one of the largest cargo carriers across the globe, is aided by the increase in e-commerce sales amid the plaguing pandemic. UPS Airlines expanded its fleet by adding MD-11 and Boeing 747-8 freighter jets. With many passenger airlines (usually carrying freight as well as passenger luggage) currently shrinking their fleets due to tepid air-travel demand, cargo carriers like UPS Airlines are flying a lot of packages.The company has a strong liquidity position. The company exited the June quarter with cash and equivalents of $9,216 million, above its current debt of $3,749 million. This suggests that it has enough cash to meet its current debt obligations. Also, UPS' current ratio at the end of second-quarter 2020 was 1.24, up 13.8% year over year. This liquidity ratio measures a company's ability to pay up its short-term liabilities.Meanwhile, decline in overall adjusted profit at UPS in first-half 2020 are worrisome. Notably, the metric declined 6.5% due to the double digit decline at the Supply Chain & Freight (down 12.2%) and U.S. domestic Package (down 15.8%) units. The downside was mainly due to coronavirus-induced supply chain disruptions. Moreover, UPS expects U.S. Domestic average daily volume growth to be lower in second-half 2020, from 22.8% witnessed in the June quarter.Zacks Rank & Other Stocks to ConsiderUPS currently carries a Zacks Rank #2 (Buy).Investors interested in the Zacks Transportation sector can also consider some other top-ranked stocks like Knight-Swift Transportation Holdings Inc. KNX, Canadian Pacific Railway Limited CP and Werner Enterprises, Inc. WERN. Knight-Swift sports a Zacks Rank #1(Strong Buy), while Canadian Pacific and Werner carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term expected earnings per share (three to five years) growth rate for Knight-Swift, Canadian Pacific and Werner is pegged at 15%, 8% and 8.5%, respectively.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Parcel Service, Inc. (UPS): Free Stock Analysis Report KnightSwift Transportation Holdings Inc. (KNX): Free Stock Analysis Report Canadian Pacific Railway Limited (CP): Free Stock Analysis Report Werner Enterprises, Inc. (WERN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research