|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||104.34 - 105.62|
|52 Week Range||102.12 - 135.53|
|PE Ratio (TTM)||18.83|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||3.64 (3.45%)|
|1y Target Est||124.96|
Shares of FedEx (FDX) rose 2.77%, to $252.22, on Friday, thanks in part to an upgrade from Bernstein's David Vernon and his team. Vernon boosted his rating to Outperform and his price target to $290, writing that the shares are attractively valued and offer mid-teens earnings- per-share growth marking the "highest rate of return in company history," thanks to a strengthening global economy, rising interest rates, and strong business-to-consumer demand. It's the business-to-consumer part that may be most eye-catching for investors, as it's impossible to talk about shipping these days without talking about Amazon.com (AMZN). Vernon writes that FedEx has pulled back over worries about Amazon disruption and "hyperbole" about other, crowd-sourced delivery solutions.
Amazon.com Inc.’s budding shipping service won’t be able to compete with FedEx Corp. and United Parcel Service Inc. over the long-term, according to investment firm Sanford C. Bernstein. Amazon’s shipping service — “Shipping with Amazon” (SWA) — aims to deliver packages from its merchants' warehouses directly to customers, the Wall Street Journal reported earlier this month. The Seattle-based retailer plans to eventually extend the delivery service to businesses that don’t sell goods on its online marketplace by luring new customers with lower shipping rates than UPS, FedEx, and the U.S. Postal Service, according to WSJ.
UPS said it's breaking new ground in the electric vehicle department. United Parcel Service Inc. (UPS) said Thursday it plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies. Workhorse, a technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector, claims these vehicles provide nearly 400 percent fuel efficiency improvement as well as optimum energy efficiency, vehicle performance and a better driver experience.
Markets moved higher this morning as the Federal Reserve’s latest statement on monetary policy was taken to ease worries about rising inflation and interest rates. The S&P 500 and the tech-heavy Nasdaq Composite were both up 0.9%, while the small-cap Russell 2000 index was barely changed. Bond yields tumbled, with the rate on the benchmark 10-year Treasury note falling 0.04 point to 2.87%.
The United Parcel Service Inc. (UPS) said Tuesday that it is making a "strategic cross-border investment" that serves a manufacturing region across New Mexico, Texas and part of Mexico. The Atlanta-based logistics giant announced development of a new package operations center to support commercial and residential commerce in the growing North America Borderplex. The $41 million facility in El Paso, Texas adds 153,000 square feet of new processing capacity to the UPS Smart Global Logistics Network for automotive, electronics, appliances and machinery producers, according to a news release.
United Parcel Service Inc (UPS.N) on Thursday said it would partner with truck maker Workhorse Group Inc (WKHS.O) to build an all-new electric van for the package delivery company's fleet. Manufacturers are racing to bring cost-effective electric vehicles with sufficient battery range to market. * In September, Daimler AG (DAIGn.DE) unveiled its battery-powered eCanter truck and announced UPS as its first U.S. commercial customer.
United Parcel Service Inc. said Thursday it is planning to deploy 50 plug-in electric delivery trucks that will provide almost 400% fuel efficiency improvement. The company said it is working with Workhorse ...
United Parcel Service Inc (UPS.N) said on Thursday it is partnering with truck maker Workhorse Group Inc (WKHS.O) to build electric delivery vans that could replace tens of thousands of vehicles in the package delivery company's fleet. Atlanta-based UPS said it has approximately 35,000 diesel or gasoline trucks currently in service in urban and suburban areas that are comparable in size and run on routes comparable to the new vehicle's range. "We see this vehicle as being a game changer in the electric truck arena," Carlton Rose, UPS' president for global fleet maintenance and engineering told Reuters.
ATLANTA, Feb. 22, 2018-- UPS today announced it plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies– an industry ...
United Parcel Service Inc (NYSE:UPS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.
The CEO of Denmark’s A.P. Moller-Maersk said Tuesday that his company plans to compete directly with United Parcel Service Inc. (UPS) and Fedex Corp. (FDX) as it expands its transport and logistics business, according to Reuters . Maersk, the world’s largest container shipping company, is restructuring in order to focus on transport and logistics, selling its oil and gas business for $7.5 billion in August to France’s Total, Reuters reports. The company plans to expand its services to all parts of the supply chain, creating efficiency when shipping goods from one side of the world to another.
Shares of shipping companies United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) took a hit two weeks ago when Amazon.com, Inc. (NASDAQ:AMZN) announced that it would begin testing its own last mile delivery service. To be sure, it’s nothing new … Amazon announces it will soon offer a new service and stocks in the affected industry suffer in fear of the behemoth cannibalizing said industry. While Amazon in my eye should never be underestimated, plenty of times the news does not mean that Amazon will immediately put all competitors out of business as much as it means that there will simply be one more competitor to the scene.