|Day's Range||3.2600 - 3.2800|
“It is rewarding to see UPS being acknowledged by two well-respected entities for its leadership efforts in social responsibility,” said Suzanne Lindsay-Walker, chief sustainability officer (CSO) and vice president of environmental affairs, UPS. The list ranks the largest publicly-traded companies in the U.S. on corporate citizenship and takes into account 29 Issues across five stakeholder dimensions including: how a company invests in its workers, treats its customers, supports its communities, reduces its environmental impact, and delivers value to its shareholders. The rankings look at the 1,000 largest publicly-traded companies in the U.S. and are based on a comprehensive survey conducted on public attitudes toward corporate behavior.
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
SAN ANTONIO, Nov. 11, 2019 /PRNewswire/ -- At a dinner event Friday evening hosted by HerdX, with the support of the US Embassy in Japan, HerdX and UPS celebrated the announcement of a global logistics partnership at a historic dinner event featuring blockchain verified beef from the United States to Japan. This groundbreaking type of delivery method has huge implications toward the advancement of traceability and quality assurance for the entire food industry worldwide.
UPS (UPS) today announced a collaboration with HerdX, Inc., a leading U.S.-based agri-tech solutions provider, to deliver blockchain-verified traced beef from a U.S. farm to Japan. The delivery represents a significant step forward in quality assurance and traceability in the beef industry and was celebrated at an event attended by U.S. and Japanese embassy officials in Tokyo on Friday, Nov. 8, 2019.
October is over, much to the delight of investors, mainly because it historically experienced 37% greater monthly price fluctuations than the average for the other 11 months since 1945, notes analyst Sam Stovall, chief investment strategist for CFRA Research's The Outlook.
Jeff Akridge has invested more than $2 million to create several hangars for refrigerated fresh fruit and other fresh produce.
A federal appeals court on Nov. 7 upheld a lower court's ruling that shipping giant United Parcel Service Inc. is liable for illegally transporting hundreds of thousands of cartons of untaxed cigarettes from Native American reservations to unlicensed recipients in New York state. In its ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan reduced the payout and penalties UPS Inc (NYSE: UPS) must pay to around $97.6 million, down significantly from approximately $247 million U.S. District Court Judge Katherine B. Forrest ordered the company to pay back in May 2017, according to Reuters. The appeals court agreed with Forrest that the Atlanta-based company violated New York's public health law to combat untaxed shipment of cigarettes "sold via the internet or by telephone or mail order" to unlicensed recipients in New York, according to court documents.
(Bloomberg) -- In a letter sent to federal lawmakers, an online merchant has accused Amazon.com Inc. of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers. The 62-page document, reviewed by Bloomberg, lays out an antitrust case that emphasizes harm to consumers—the traditional basis for such cases in the U.S. Until now, antitrust experts have suggested that Amazon was not vulnerable to such an argument and that regulators would need to find another way to restrain the company’s growing market power. The complaint, based on an analysis of thousands of Amazon transactions over several years involving more than 100 products, turns all of that thinking on its head. It accuses Amazon of “tying” its marketplace and logistics services together, an antitrust violation in which a company uses dominance in one market to give itself an advantage in another market where it’s less established. The letter refers to previous Supreme Court rulings on tying, including one against Kodak in 1992 that said the photocopier manufacturer violated antitrust laws by forcing customers who bought its machines to also use its parts and repair services.“When it comes to Amazon’s dealings with third-party merchants, some of the conduct actually does lend itself to antitrust scrutiny,” said Hal Singer, an antitrust expert and Georgetown University adjunct professor retained by the merchant to work on the analysis. “If you can connect the conduct to some measureable harm, in this case increased prices, that gets you into the antitrust ballpark.”Amazon, in an emailed statement, disputed many of the merchants’ allegations, saying its logistics prices are competitive and its sellers aren’t penalized for using other delivery options. “Amazon has invested tens of billions of dollars in developing a world-class fulfillment network and we offer that network to sellers at highly competitive fees when compared to other options available to sellers. In fact, our research shows other comparable options available to sellers are approximately 50-80% more expensive” than Amazon services, the company said.The accusations are potentially a significant development in various government inquiries into Amazon’s business practices. The House Judiciary Committee’s antitrust panel hosted a hearing in July during which chairman David Cicilline, a Rhode Island Democrat, grilled an Amazon attorney about its practices. As part of that investigation, the committee sent surveys to customers of big tech platforms, asking about the state of competition in digital markets and the adequacy of existing enforcement.The merchant, who received that survey, says he can’t pursue an antitrust case himself because he agreed to binding arbitration when he began selling products on Amazon. But he hopes the Federal Trade Commission, which is already interviewing merchants, will investigate or that a logistics company will file suit, alleging it is losing business due to Amazon's practices. The merchant, who said he has paid Amazon tens of millions of dollars in fees in recent years, requested anonymity out of fear of losing business.A spokesman for the House Judiciary’s antitrust committee declined to comment.The merchant’s letter says Amazon raised logistics fees by 20% over the past four years until they cost as much as 35% more than competing services. The merchant claims Amazon pushed him to continue using its logistics or risk being suspended from selling on its platform or seeing his products marginalized on the site. He says using Amazon’s service forced him to boost prices by as much as 12% on more than 100 products he’s been selling on Amazon for years. The allegations directly challenge Amazon’s own testimony that search algorithms determining which products are most prominently displayed are designed to best serve customers, not favor Amazon. The merchant alleges he could offer the same products on Amazon at lower prices and with faster, more reliable delivery if he could handle logistics himself without being penalized for late deliveries. Merchants using Amazon’s logistics services don’t face penalties for delivery mishaps, which is why many choose to use it even when better options are available, the letter states.Amazon operates an online marketplace, essentially a digital mall where merchants can sell products. Its website attracts 210 million unique visitors each month in the U.S., mostly shoppers looking for products, making it extremely valuable for anyone looking to sell things online. More than half of all goods sold on Amazon come from independent merchants who pay Amazon a commission on each sale. Amazon controls more than 70% of all online marketplace sales in the U.S., more than triple its closest online marketplace competitor EBay Inc., according to Digital Commerce 360.How regulators define Amazon’s market is a key step in any antitrust investigation. Amazon maintains it should be considered in the broadest possible terms, a retailer that attracts about 4 percent of spending in the U.S. The allegations propose narrowly defining Amazon as the dominant online marketplace with few competitors, which makes its merchant customers more susceptible to its demands.The letter alleges Amazon uses its marketplace to push its logistics services called Fulfillment by Amazon. Merchants ship their products to Amazon warehouses around the country and pay the online giant fees for storage, packing and delivery. Amazon has been expanding its logistics operations to handle everything from storing products to shipping them to customers’ homes. Its online store where U.S. shoppers will spend $221 billion this year, according to EMarketer Inc., gives it a big platform from which to build its logistics business. If Amazon can use its marketplace might to build up its logistics business, it wins an advantage over rival services offered by UPS, FedEx and smaller logistics providers.Amazon, in its emailed statement, said “Fulfillment by Amazon is a service that our sellers love—they tell us FBA saves them time, money and the hassle of packing and shipping boxes so they can instead focus on growing their business, creating new products, and even spending more time with their families. They tell us they choose FBA because it gives them peace of mind knowing that shipping logistics and customer service are taken care of 24/7, year-round.”The merchant’s complaint is by no means a sure thing. Tying services and products together alone isn’t illegal. For more than a century, disputes involving railroads, hospitals and big technology companies like Microsoft have asked the courts to determine when tying should be deemed anticompetitive, and it’s a subject frequently debated by legal scholars. The merchant’s complaint points to a 1984 Supreme Court ruling that laid out standards for illegal tying, later used in the Kodak case, which the merchant’s letter says pertains to Amazon.“The essential characteristic of an invalid tying arrangement lies in the seller’s exploitation of its control over the tying product to force the buyer into the purchase of a tied product that the buyer either did not want at all, or might have preferred to purchase elsewhere on different terms,” the 1984 Supreme Court ruling states.The letter alleges that Amazon uses “carrots and sticks” to coerce merchants to buy its logistics services. Amazon’s control of the marketplace lets it determine which products are most visible on the site. Those using Fulfillment by Amazon are more likely to have their items appear prominently in search results to win sales. Merchants can sell products on Amazon and handle logistics themselves, but many opt to use Fulfillment by Amazon to increase their visibility on the site, a key factor in selling products.Amazon denied its search results favored items it delivers, but said products offered by merchants using its logistics services tend to be more prominent in results. It said that’s not because the search algorithm is biased toward Amazon, but because Amazon logistics “generally provides a better and more reliable experience for our customers than fulfillment through other means,” Amazon general counsel David Zapolsky said in a July letter to the House antitrust panel.The merchant’s letter disputes Amazon’s testimony. Of more than 120,000 Amazon orders handled by Fulfillment by Amazon from Aug. 25 to Oct. 25, fewer than 25% arrived within two days; more than half arrived in about three days and more than 15% arrived in four days, according to the merchant’s analysis. Despite the slow delivery times, Amazon’s logistics fees were 35% higher than other rapid shipping options offered by UPS and the U.S. Postal Service, according to the merchant.The sticks Amazon uses to coerce merchants to use its logistics services are strict penalties, including getting kicked off the platform, for merchants who handle their own logistics. Merchants using Amazon logistics services aren’t penalized when customer orders arrive late, even though they frequently do, since that’s Amazon’s responsibility. Those who handle their own logistics face stiff penalties for even minor delivery mishaps, including being suspended from selling on the platform, according to the merchant.Merchants decide to use Amazon’s logistics, even when more affordable options are available, because it protects them from being kicked off the platform when deliveries are late.“The most intimidating stick in Amazon’s arsenal is the ability to suspend or threaten to suspend sellers,” that don’t use Amazon logistics, the complaint states.\--With assistance from Ben Brody.To contact the author of this story: Spencer Soper in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Robin Ajello at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ATLANTA, Nov. 07, 2019 -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.96 per share on all outstanding Class A and Class B shares..
A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to about $97.6 million from $247 million. The 2nd U.S. Circuit Court of Appeals in Manhattan agreed with a trial judge that UPS violated a federal anti-cigarette trafficking law and New York's public health law by shipping the contraband cigarettes, which often came from Indian reservations.
For this reason, UPS is offering rewards with a total value of up to $35 to encourage U.S. consumers to try alternate delivery sites, bringing more choice, control and convenience to package delivery. The UPS Access Point® network consists of nearly 15,000 pick-up locations, including The UPS Store®, Michaels and local businesses across the U.S. – such as neighborhood delis, dry cleaners and flower shops.
FedEx Corp. (NYSE: FDX) has begun implementing a key change to its flat-rate shipping program that would let customers use their own packaging when they tender a box rather than require them to use the company's packaging and logo, according to a person familiar with the matter. FedEx will accept customer packaging for the program as long as the total shipment weighs less than 50 pounds and cubes out at 644 cubic inches, the person said. It will likely be expanded across FedEx's customer base either later this year around the time rival UPS Inc. (NYSE: UPS) discloses its 2020 rates, or by the end of the first quarter, the source said.
United Parcel Service Inc Flight Forward drones have flown prescription medications to the front lawn of a private home and to a retirement center, the UPS unit's first revenue-generating deliveries for drugstore chain CVS Health Corp . Flight Forward's maiden delivery flight on Friday in Cary, North Carolina, beat rivals in one phase of the race for the nascent market. The second drone flight delivered medications to a public space at a retirement community.
UPS Inc. (NYSE: UPS ) said Tuesday that its commercial drone unit had made its first revenue deliveries of prescription drugs from a CVS Corp . (NYSE: CVS ) pharmacy in North Carolina to customers' residences. ...
United Parcel Service Inc. has made two successful commercial deliveries with the company's newly certified drone fleet. In October we reported on UPS' ambitious plan to expand its airline capacity with an FAA certified drone fleet, along with the shipping giant's subsequent partnership with CVS Health Corp. On Friday, company operated drones made two revenue-generating deliveries to CVS customers in Cary, N.C. A release from UPS says the drone used a cable and winch to lower packages to the customers at their homes while hovering at an altitude of 20-feet. “We now have an opportunity to offer different drone delivery solutions, tailored to meet customer needs for speed and convenience,” UPS chief strategy and transformation officer said in the release.
UPS Inc. (NYSE: UPS) said Monday that holiday returns traffic will peak Jan. 2 at 1.9 million packages, a 26% increase from the 2018 peak. In recent years, the growth of e-commerce and a hyper-competitive retail market has pushed more sales and returns into the pre-Christmas period. The second and largest spike in returns, which UPS dubs "National Returns Day," will occur Jan. 2, the traditional day for peak holiday returns.
U.S. equities, including transportation stocks, were rallying to new record highs on Friday, pushing the S&P 500 up and over the 3,050 level for the first time. The move exits a long consolidation range going back to July and comes in the wake of better-than-expected employment data and a better-than-feared manufacturing report for October.Nonfarm payrolls clocked in at 128,000 vs. the 80,000 analysts were expecting despite the GM (NYSE:GM) strike that recently ended. * 7 Stocks to Buy in November The gains are coming across the board, with Apple (NASDAQ:AAPL) adding 2.4% and energy stocks moving on higher crude oil prices. But it's the transportation sector that's caught my eye, with the sector rallying nicely on expectations of an economic rebound as the Federal Reserve's three recent interest rate cuts filter through the economy:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Transportation Stocks: Union Pacific (UNP)Union Pacific (NYSE:UNP) shares are rising above their 200-day moving average, challenging the prior highs set earlier in the year near the $178-a-share threshold. Coverage on the stock was recently initiated by analysts at Wells Fargo, with a neutral rating.The company is expected to next report results on Jan. 16 before the bell. Analysts are looking for earnings of $2.18 per share on revenues of $5.4 billion. Investors have recently been focusing on improving operating efficiency for the industry amid cost reduction efforts. CSX (CSX)CSX (NASDAQ:CSX) shares are challenging resistance near their 200-day moving average, setting up a return to highs last seen in July near $80 -- which would be worth a gain of more than 10% from here. Investors recently celebrated a 1.9% improvement in its operating ratio on a year-over-year basis to 56.8%, a new company record. * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes This was drive by an 8% cut to expenses driven by lower fuel spending and a smaller train fleet resulting in fewer accidents and repairs. UPS (UPS)UPS (NYSE:UPS) shares are climbing back up and over their 50-day moving average, setting up a run at the prior high near $124 and setting up a run at the all-time high near $128 set in early 2018. Coverage was also recently initiated by Wells Fargo analysts.The company is expected to next report results on Jan. 30 before the bell. Analysts are looking for earnings of $2.11 per share on revenues of $20.6 billion. Norfolk Southern (NSC)Norfolk Southern (NYSE:NSC) stock is rallying above its 200-day moving average, marking the latest in a long line of buyable pullbacks since a long-term uptrend started in early 2016. Wells Fargo analysts initiated coverage here as well with a $216 price target and a buy rating.The company is expected to next report results on Jan. 23 before the bell. Analysts are looking for earnings of $2.40 per share on revenues of $2.8 billion. Delta Airlines (DAL)Shares of Delta Airlines (NYSE:DAL) are poised to move up and over their 50-day moving average, setting up a run at the prior high near $63 set back in July. Better business fundamentals means more business and leisure travel for a company that has been able to avoid the fallout from Boeing's (NYSE:BA) 737 MAX problems. Delta didn't operate any of the aircraft in its fleet. * 10 Stocks to Buy Regardless of Q3 Earnings The company is expected to next report results on Jan. 14 before the bell. Analysts are looking for earnings of $1.36 per share on revenues of $11.4 billion.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post 5 Transportation Stocks to Buy Now Â Â Â appeared first on InvestorPlace.
Historically, the Atlanta-based logistics giant has made a habit of promoting from within the UPS family to fill high-level roles.
Return on equity is one of the most popular ways for investors to assess the efficiency of a business before they buy a stock. Return on equity is a measure of profitability relative to shareholder’s equity. ...
Months after launching its historic drone program, WakeMed says it wants to keep expanding its delivery network.
Anyone who works in the parcel delivery business knows that life holds three certainties – death, taxes, and UPS Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX) moving in lockstep on almost everything. Both launched seven-day-a-week deliveries within a few months of each other. UPS followed FedEx's lead earlier this year and dropped holiday peak season residential delivery surcharges, though it took UPS about two years longer to act.