|Bid||108.70 x 800|
|Ask||0.00 x 1400|
|Day's Range||107.93 - 109.41|
|52 Week Range||101.45 - 135.53|
|PE Ratio (TTM)||18.69|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||3.64 (3.35%)|
|1y Target Est||124.52|
UPS today announced a tentative agreement for a new Master UPS Freight Agreement with the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers about 11,000 Teamsters-represented UPS Freight employees. Strong progress has been made on many local small package agreements and supplements, including a handshake agreement covering more than 100,000 Teamster-represented UPS employees located in the Central Conference, the Southern Conference, and Oregon / Idaho, among others.
A Greater Cincinnati manufacturer is in the process of fulfilling the largest electric truck order ever.
High operating expenses as well as low revenues at some of Canadian Pacific's (CP) segments are expected to ail its Q2 results.
CSX's efforts to improve operational efficiency via cost-reduction are expected to aid results in Q2. Additionally, the coal and intermodal segments are likely to perform well.
On its march towards world domination, e-retail and cloud giant Amazon (NASDAQ:AMZN) is disrupting a whole bunch of industries and creating tough times for companies of all shapes and sizes. Amazon disrupted the whole retail model by reinventing the wheel, taking everything and putting it online, and out-pricing competitors. Since, Amazon has disrupted the technology infrastructure and grocery industries.
Denis Taylor, the director of the Teamsters Package division and co-chairman of the Teamsters Negotiating Committee, conducted the call in cooperation with the union's communications division. While the number of sleeper drivers is minuscule compared to the rest of the size of the UPS driver team—UPS Freight lists assets of more than 5,9800 vehicles and 21,000 trailers--the size of the driver compensation is notable. The numbers compared to a Department of Labor estimate that in 2016, there were approximately 1.87 million heavy duty truck drivers in the U.S. Still, it marks the UPS over-the-road drivers as a sort of truck driver royalty.
United Parcel Service Inc. and the Teamsters agreed to extend their current labor contract past its July 31 expiration to wrap up 38 supplemental accords with locals, the union said. The extension doesn’t have an end date, but negotiators expect to conclude all talks within two months, said Denis Taylor, co-chairman of the Teamsters National UPS Negotiating Committee. Company and union officials reached a tentative master agreement about three weeks ago.
shares surged to the highest level in nearly two months Monday following a weekend report that suggested the discount voucher group is looking for a buyer. Tech website Recode said the company, as well as bankers representing it, have been sounding out potential suitors for the past month, although no buyers have emerged as yet and there seems to be no immediate reason behind the renewed push for a sale by CEO Rich Williams. Groupon shares rose 11.7% at the opening bell to change hands at $4.87 each, the highest since May 15 and a move that trims its year-to-date decline to 4.5% and give its a market value of just over $2.77 billion.
The UPS Foundation, which leads the global citizenship programs for UPS (UPS), today announced it will award over $10 million in grants to advance diversity and inclusion programs this year. “We are honored to collaborate and fund organizations that drive measurable change around the world,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer at UPS. “Advancing the diversity and inclusion movement is a cornerstone of our company’s values.
UPS was among 61 companies that received an extension from Facebook to comply with tighter data restrictions in 2015, the tech company disclosed in a 747-page report to Congress.
LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want a free Stock Review on ZTO sign up now at www.wallstequities.com/registration. Today, WallStEquities.com scans Roadrunner Transportation Systems Inc. (NYSE: RRTS), United Parcel Service Inc. (NYSE: UPS), XPO Logistics Inc. (NYSE: XPO), and ZTO Express (Cayman) Inc. (NYSE: ZTO).
Having underperformed the broader market and rival Fedex Corp. ( FDX) this year, things are beginning to look up for United Parcel Service Inc. ( UPS). By up, we mean the stock could rise 30% based on the $137 price target given by Bernstein analyst David Vernon, who is optimistic about the company’s recent agreement with the Teamsters labor union that he thinks will contribute to slower wage growth. In recent negotiations with the Teamsters union, UPS secured a deal that would limit the number of hybrid drivers (i.e.
United Parcel Service Inc. ( UPS) and FedEx Corp. ( FDX) are down 10.7% and 8.3% respectively in the first half of 2018, compared to the S&P 500's 2.3% gain over the same period. Last week, Seattle-based e-commerce giant Amazon launched a program to support entrepreneurs launching local delivery startups. In June, UPS announced a five-year contract with the Teamsters union, potentially paving the way for Sunday delivery, increased employee pay and offers of more flexibility within UPS's cost structure by adding "hybrid drivers." While new hybrid drivers have been a source of contention between the parties, Bernstein's David Vernon writes that an agreement to limit the growth of them to 25% of the total number of full-time carriers is better than expected.
Bernstein's David Vernon checks in with logistics giants United Parcel Service (UPS) and FedEx (FDX) on Monday, writing that there's reason to keep the faith about both stocks. First, UPS: The company announced an agreement late last month with its Teamsters union, and while we have scant details on that ongoing negotiation, Vernon writes that we are getting more information about hybrid drivers, one of the bones of contention between the two parties. UPS and the Teamsters agreed to protect existing full-time package jobs and limit growth of hybrid drivers to 25% of the total number of full-time carriers, which Vernon writes is better than he hoped, and that Sunday delivery options are in the works for the future.
United Parcel Service Inc. would have more leeway to introduce Sunday deliveries under a preliminary agreement with the Teamsters union that creates a new class of drivers for weekend work. Creating the new category of drivers will also generate more full-time opportunities for current part-time employees, the Teamsters said in a statement Friday. “Our members know that they work in a changing industry, driven by e-commerce and the ‘Amazon effect,’ where consumers want fast delivery and weekend delivery,” Denis Taylor, director of the Teamsters Package Division and co-chairman of the Teamsters National UPS Negotiating Committee, said in the statement.
The program gives entrepreneurs, i.e. Amazon Delivery Service Providers (DSPs) a management fee to hire drivers, rather than Amazon doing it directly. Naturally, United Parcel Service (UPS) and FedEx (FDX) fell on the news, as investors fret about Amazon turning from blessing to curse for the delivery giants. Bernstein's David Vernon takes a look at the move Friday, writing that the DSP program is modeled on FedEx's Ground Independent Service Provider (ISP) model, and will require DSPs to hire employees, rather than contractors to reduce the risk of labor challenges.
NEW YORK, June 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Education ...
announced Thursday, June 28, a program it describes as "a new offering that helps entrepreneurs build their own companies delivering Amazon packages." Called Delivery Service Partners, Amazon will contract with small delivery business to deliver orders instead of with shipping carriers such as United Parcel Service Inc. In 2017, Amazon's shipping costs were $21.7 billion, a 29% increase from 2016's $16.2 billion, which was a 33% increase from 2015's $11.5 billion.
The juggernaut that is Amazon.com Inc. ( AMZN) keeps rolling on, spending as much as its millions of active users make for it. One industry after another, Amazon is putting its flag in the ground, cementing itself as the global leader in virtually everything. Whether it be its acquisition of Whole Foods Market Inc. ( WFM), its partnership with Nike Inc. ( NKE) or one of its many new departments like "Wardrobe and Handmade," Amazon is flying.
This new system will have the company offering to help set up small delivery businesses. Amazon says that its help will bring a slew of benefits to those looking to start their own delivery businesses. Amazon also notes that this offer will have startup costs as low as $10,000.
Amazon is launching a new program for entrepreneurs to launch their own logistics businesses, posing a possible problem for UPS and other delivery companies.
Amazon.com, Inc. (NASDAQ:AMZN) has a problem with delivery. Both of these things are great for Amazon stock. Increasingly, though, delivering all those purchases is getting tougher. Added to the challenges is a President who has been threatening to take action on Amazon’s use of the U.S. Postal Service for deliveries.