|Day's Range||193.61 - 194.94|
|52 Week Range||145.00 - 201.57|
|PE Ratio (TTM)||27.56|
|Earnings Date||Jun 20, 2017|
|Dividend & Yield||1.60 (0.83%)|
|1y Target Est||219.78|
United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery company within China.
Nearby support from ascending trendlines and 200-day moving averages on these transportation assets suggests that now could be a good time to buy into the uptrend.
Judging by numbers provided to the airport, cargo is down at FedEx Corp.'s local hub operation. "In April of last year, FedEx started a new methodology or calculation for the way they report cargo handled, so this is the first time in a year we’ve had a year-over-year and month-over-month comparison that works," said Forrest Artz, Memphis International Airport CFO and vice president of finance and administration. The Memphis Shelby County Airport Authority (MSCAA) tracks total cargo handled and total landed weight at Memphis International.