0R08.L - United Parcel Service, Inc.
| Previous Close | 117.08 |
| Open | 105.95 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 105.95 - 105.95 |
| 52 Week Range | 105.95 - 105.95 |
| Volume | 16 |
| Avg. Volume | N/A |
| Market Cap | 90.103B |
| Beta (5Y Monthly) | 1.21 |
| PE Ratio (TTM) | 20.73 |
| EPS (TTM) | 5.11 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Simply Wall St.
Here's What United Parcel Service, Inc.'s (NYSE:UPS) P/E Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Bloomberg
Amazon Axes Delivery Partners in U.S.; Hundreds of Jobs Cut
(Bloomberg) -- Amazon.com Inc. is severing ties with small delivery firms around the country -- putting at least 1,300 drivers out of work -- in an effort to eliminate partners that aren’t meeting its standards.Bear Down Logistics, an Illinois company that rapidly expanded over the past two years, is shuttering operations in five states and letting go of about 400 drivers. Delivery Force, an Amazon delivery partner in Washington state, is cutting 272 drivers in Seattle and other cities. Kansas-based RCX Logistics, an Amazon delivery partner with operations in Texas, Alabama and Florida, will eliminate the jobs of more than 600 employees after losing its Amazon contract. Around the country, logistics firms are notifying state officials about facility closures and job cuts, signs that Amazon is culling the herd.The action underscores the challenges of outsourcing deliveries to new, untested companies instead of traditional partners such as United Parcel Service Inc. and FedEx Corp. It also serves as a warning to Amazon delivery partners that the company is an exacting client willing to cut them off.Bear Down Logistics notified Ohio, Virginia, Minnesota and Illinois that it would close facilities in those states in April, resulting in the loss of almost 280 jobs. Another Bear Down facility near Grand Rapids, Michigan, will also close in April, according to documents reviewed by Bloomberg. About 120 drivers work at the Michigan facility, said a person familiar with the matter who spoke on condition of anonymity due to company policies about speaking with the media. The company also has Amazon delivery operations in Wisconsin, the status of which was not immediately clear.“We have a responsibility to our customers and the communities where we operate to ensure these partners meet our high standards for things like safety and working conditions,” an Amazon spokeswoman said in an email. “Occasionally we need to end a relationship with a partner and when this happens we are committed to helping the impacted employees find opportunities with other delivery service partners or to learn more about the thousands of available roles at Amazon delivery stations and fulfillment centers.”Bear Down Logistics, Delivery Force and RCX Logistics didn’t immediately respond to requests for comment.Amazon in 2018 launched a program encouraging aspiring entrepreneurs to lease vans, hire drivers and build their own businesses delivering packages to its customers. More than 800 such businesses have sprouted around the country with 75,000 drivers, helping Amazon increase delivery capacity. Amazon also has greater negotiating leverage over each small operator than it does with larger delivery partners like UPS, FedEx and the U.S. Postal Service.Drivers working for Amazon delivery partners typically earn less than their counterparts working at larger delivery companies like UPS, which helps Amazon lower costs. One driver working for Bear Down Logistics in Michigan said he earned about $15 an hour delivering Amazon packages, while UPS paid seasonal drivers doing the same work in that area about $20 an hour.A big challenge for Amazon is balancing safety with its efforts to deliver things quickly at the lowest possible cost. ProPublica in December revealed internal Amazon documents showing it prioritized speed over safety in its delivery network, which followed other investigations exposing the injuries and deaths that accompanied Amazon’s quick expansion of its delivery program.The Bear Down experience also shows how hard it is to make a go of such businesses. When Amazon courted entrepreneurs, it touted the prospects of earning $300,000 a year with as little as $10,000 in up front costs, significantly less than most franchise businesses that can cost more than $100,000 to launch.(Updated with job cuts in Florida, Texas and Alabama in the second paragraph.)To contact the reporters on this story: Spencer Soper in Seattle at ssoper@bloomberg.net;Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
UPS, local nonprofit team up to fight coronavirus outbreak
A shipment of medical supplies is on the ground in Shanghai, China, to help stem the coronavirus outbreak.
- American City Business Journals
Amazon confirms expansion at Bremerton National Airport
A Delaware company has acquired a 31.5-acre property next to the airport on which it's building a $9.2 million delivery and distribution facility with parking for 952 delivery vans.
- MarketWatch
Baby Yoda, ‘OK boomer’ and ‘Megxit’ have been added to Dictionary.com’s slang dictionary
Just when you thought 2019 was over, some of the year’s most popular phrases have been added to Dictionary.com’s slang dictionary. The digital dictionary updated its archives on Wednesday to include 20 new slang terms from the past year or two, including “OK, boomer,” “Megxit” and Baby Yoda. John Kelly, the senior research editor at Dictionary.com, told MarketWatch that the buzzworthy words and phrases were selected by analyzing the site’s search data, monitoring trends on social media, as well as tracking themes seen within pop culture at large.
- American City Business Journals
CDC preps for coronavirus to 'take a foothold' in U.S.; seeks passenger data from airlines
The Centers for Disease Control and Prevention is preparing for the new coronavirus to “take a foothold in the U.S." and is now requiring airlines to assist in some data collection of passengers.
- Investopedia
FedEx Reaches Key Resistance After Analyst Upgrade
FedEx shares move higher after UBS upgraded the stock to Buy with a $187 price target, citing efforts to improve the B2C cost structure.
- American City Business Journals
UPS, pilot’s union contract heading to a vote
Though details are limited, the tentative contract would mean wage and retirement increases.
- MarketWatch
UPS, pilots union reach a 'tentative' deal on 2-yr extension
United Parcel Service Inc.'s pilots union, the Independent Pilots Association (IPA), said Monday that a "tentative agreement" has been reached with the package delivery company on a two-year contract extension. The IPA said the agreement, which was unanimously approved and endorsed by the IPA's 5-member executive board, needs to be ratified by a majority of UPS's pilots. The pilots' vote will be completed by March 31. Details of the deal will not be disclosed until the IPA first presents the proposed contract to all UPS pilots. UPS's stock fell 1.2% in afternoon trading. It has tumbled 18% over the past three months, while the Dow Jones Transportation Average [: djt] has slipped 2.1% and the Dow Jones Industrial Average has gained 5.4%.
- Barrons.com
FedEx Stock Is Rallying for a Second Day. Here’s What’s Behind It.
FedEx stock rises again Monday as analysts debate the significance of the Ground business change announced Friday
- Barrons.com
What the Post Office’s Earnings Mean for FedEx and UPS
The post office reported another quarterly loss Thursday evening. Persistent accounting losses is one reason change might come to the USPS. Change that can impact publicly traded logistics peers including FedEx and UPS.
- MarketWatch
FedEx's stock swings to sharp gains, after Express pairs with Ground for residential deliveries
Shares of FedEx Corp. surged 3.6% in afternoon trading Friday, swinging from an earlier loss of as much as 1.5%, after the package delivery company said that beginning in March, FedEx's Express business will contract with its Ground business for select, "day-definite" residential deliveries. The move is aimed at increasing efficiencies and lower costs of residential deliveries, as it will reduce the number of delivery vehicles in residential neighborhoods, as e-commerce continues to grow at an "explosive" rate. "This move makes residential deliveries more efficient by putting the right package in the right network at the right cost to serve our customers," said Chief Operating Officer Raj Subramaniam. Last month, e-commerce giant Amazon.com Inc. told its third-party merchants they can resume use of FedEx's Ground network, about a month after banning its use given the failure to meet on-time delivery standards. FedEx's stock has lost 15.1% over the past 12 months while shares of rival United Parcel Service Inc. have slipped 3.1% and Amazon's stock has run up 28.7%. In comparison, the Dow Jones Transportation Average has gained 6.3% the past year and the Dow Jones Industrial Average has advanced 15.6%.
- InvestorPlace
3 Beaten-Down Stocks to Sell Now
Coronavirus fears are fading, and stocks have officially returned to record highs. The Nasdaq Composite led the recovery, but the S&P 500 has now joined its tech-heavy brother by eclipsing January's peak. But bears still hold the upper hand in certain companies. These laggards are locked in downtrends, which makes them all attractive stocks to sell into the strength.Two of the weakest spots right now are metals and energy. I use the SPDR S&P Metals and Mining (NYSEARCA:XME), and the Energy Select Sector SPDR (NYSEARCA:XLE) to track both areas. Unlike, say, the industrial sector, which only fell a couple percent from its peak during the recent market misstep, XME and XLE were demolished.The former fell 16.7% from its December high, and the latter dropped 15.8%. Support levels were smashed and now loom large as potential resistance zones. And that has me eyeing which stocks in each fund are worth shorting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three of the most vulnerable. Stocks to Sell: Alcoa (AA)Source: The thinkorswim® platform from TD Ameritrade To say Alcoa (NYSE:AA) has been decimated would be an understatement. AA stock has fallen 89% from its highs, and with the latest downturn now sits below its 2009 low. It's as if the 11-year bull market in stocks never happened. In 2016 Alcoa shares saw a one-for-three reverse split, which boosted its share price. Unfortunately, the fundamentals have deteriorated, plunging AA back into the abyss.We're now going on four consecutive earnings announcements with negative earnings per share. The distribution following January's report was relentless, with Alcoa stock falling 11 days in a row. An oversold bounce finally emerged, and AA has rallied for three days straight and is gapping higher this morning. * 7 Utility Stocks to Buy That Offer Juicy Dividends This creates a lower-risk entry for bears looking to game the downtrend.The Trade: Once AA breaks a previous day's low, buy April $17 puts or the April $17/$14 put spread. Exxon Mobil (XOM)Source: The thinkorswim® platform from TD Ameritrade Energy stocks have been abandoned in favor of the tech sector and other industries offering better growth potential. Plunging oil prices certainly haven't helped matters. The latest downturn in companies like Exxon Mobil (NYSE:XOM) has been particularly steep.The oil giant now is probing its lowest levels since 2010. The price reduction is so extreme that Exxon's dividend yield has risen to a juicy 5.8%. With its long history of failed rallies, it's hard to see how yesterday's bounce will prove anything more than a selling opportunity. The 20-day, 50-day and 200-day moving averages are all cruising lower, and a major old support zone stands atop the stock near $66 and should prove formidable resistance. * 7 Large-Cap Stocks to Buy For Insulation From Volatility And that's if we even get there. Buyers' resolve is being tested as energy continues to move into the red. Consider using a break of a prior day's low as your trigger. Option premiums are expensive, so I prefer spreads over buying puts outright.The Trade: Buy the April $62.50/$57.50 put spread. United Parcel Service (UPS)Source: The thinkorswim® platform from TD Ameritrade United Parcel Services (NYSE:UPS) rounds out our trio of stocks to sell with a clear bear retracement pattern. While it hasn't suffered as dramatic a downturn as its predecessors in recent years, last month's post-earnings whack was massive. The major support break and volume surge have me betting rallies will be short-lived.The selling pressure is simply too intense.I think yesterday's ramp offers a chance to deploy bearish trades. Implied volatility is high enough to make bear call spreads interesting. They offer a higher probability of profit than buying puts or shorting the stock, so we can profit even if UPS stock treads water for a few weeks.The Trade: Sell the March $110/$115 bear call spread for around 70 cents.As of this writing, Tyler Craig held bearish positions in UPS. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 3 Beaten-Down Stocks to Sell Now appeared first on InvestorPlace.
- Business Wire
NOTICE TO UPS EMPLOYEES: KlaymanToskes Continues to Investigate on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies
KlaymanToskes ("KT"), www.klaymantoskes.com, continues to investigate and pursue FINRA arbitration claims for current and former UPS (NYSE: UPS) employees for losses sustained from unsuitable covered call writing strategies. The investigation focuses on full-service brokerage firms’ sales practices for customers who acquired UPS stock through UPS’s Employee Stock Purchase Plan or Managers Incentive Program and were advised to implement a covered call strategy on their concentrated UPS stock position.
- American City Business Journals
UPS-owned tech company names former eBay executive as CEO
Ware2Go focuses on matching warehouse space with small- to mid-sized retailers focused on rapid delivery.
- Reuters
Air cargo carriers say China demand weak despite drastic freight capacity cuts on passenger planes
FRANKFURT/SEOUL Feb 5 (Reuters) - Major air cargo carriers said they have no immediate plans to add China flights to replace the capacity lost amid steep cuts to passenger travel due to the coronavirus, as many factories have remained shut down after the Lunar New Year. Aviation data firm OAG said there would be more than 25,000 fewer flights operated to, from and within China this week compared with two weeks ago, with 30 airlines halting services. About half of the air cargo carried globally is in the belly of passenger jets rather than in dedicated freighters, and the flight cuts have made the Chinese market more dependent on freight haulers.
- Barrons.com
Trains and Trucks May Offer Shelter From Coronavirus Storm, According to Citigroup
Transport stocks have been riding the coronavirus headlines up and down. The sector may be tougher than investors think, according to the bank.
- American City Business Journals
UPS adds to alternative fuel investments with 2 more renewable natural gas deals
“The use of RNG is a very important part of UPS’s strategy to increase alternative fuel consumption to be 40 percent of total ground fuel purchases by 2025."
- American City Business Journals
Coronavirus aid: UPS teams with Georgia nonprofits; Emory University testing antiviral drug
UPS joined the ranks of companies partnering to help combat spread of the coronavirus in Wuhan, China. United Parcel Service Inc.'s UPS Foundation teaming with Georgia-based nonprofit health organizations MAP International and MedShare to transport more than two million respirator masks, 11,000 protective coveralls and 280,000 pairs of nitrile gloves to China. UPS coordinated the humanitarian flight through the Red Cross Society of China.
- MarketWatch
UPS has a new risk factor: Amazon
United Parcel Service Inc. has long boasted about its diverse customer base, and had been mum about who its largest customers were, but on Thursday the package delivery giant embraced the fact that Amazon was the largest customer it’s had in years.
- MarketWatch
Dow transports take a unanimous dive, as coronavirus fears weigh
Transportation stocks were suffering broad declines Friday, as concerns that the fast-spreading coronavirus would weigh on the global economy and travel. The Dow Jones Transportation Average sank 250 points, or 2.3%, with all 20 components losing ground, to underperform the Dow Jones Industrial Average, which shed 468 points, or 1.6%, with 26 of 30 components falling. The Dow transports' biggest loser was Kirby Corp.'s stock , which tumbled 6.3% after Stifel Nicolaus analyst Benjamin Nolan downgraded the diesel engine and marine products company to hold from buy, a day after the company reported fourth-quarter earnings that missed expectations and provided a downbeat 2020 outlook. Among other more-active transport components, shares of American Airlines Group Inc. slid 3.4% and Delta Air Lines Inc. dropped 2.6%, amid concerns over travel restrictions.
- American City Business Journals
Wuhan coronavirus may hit North American airlines harder than SARS as global emergency grows
The SARS crisis cost Asia Pacific and North American airlines billions in revenue in 2003. This time, it could be far worse.
- Bloomberg
Amazon’s Post-Market Rally Adds the Equivalent of UPS in Value
(Bloomberg) -- Amazon.com’s earnings rally has added more than $110 billion to the e-commerce giant’s market value in extended trading Thursday.By comparison, United Parcel Service’s entire market capitalization was less than $93 billion at the close.At one point, Amazon’s climb even rivaled IBM’s total market value, before the company known as Big Blue announced a new chief executive, producing its own post-market rally.Amazon shares were up 12 percent as of 4:44 p.m. to $2,103.44 on after-hours volume of 2.3 million shares.To contact the reporter on this story: Jeremy R. Cooke in New York at jcooke8@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard RichtmyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
US STOCKS-Wall St reverses course to end higher after WHO comments
U.S. stocks rebounded late to close higher on Thursday after the World Health Organization (WHO) declared the China coronavirus a global emergency, while earnings painted a mixed picture. After the Centers for Disease Control and Prevention reported the first U.S. incident of person-to-person spread of the virus, the WHO said recent weeks have seen an unprecedented outbreak, met by an unprecedented response. Facebook shares slumped 6.14% after the social media company warned of slowing growth as its business matured and it reported a surge in quarterly expenses.
