|Bid||168.68 x 800|
|Ask||168.60 x 900|
|Day's Range||167.57 - 170.23|
|52 Week Range||82.00 - 178.01|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||31.81|
|Earnings Date||Jan 28, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||4.04 (2.39%)|
|Ex-Dividend Date||Nov 12, 2020|
|1y Target Est||172.44|
XPO Logistics CEO Brad Jacobs has decided to break up the transportation giant smack in the middle of frenzied holiday season of online spending.
XPO Logistics CEO Bradley Jacobs joins Yahoo Finance Live to break down why the company is seperating its logistics and transoprtation businesses and discuss how the pandemic accelerated the e-commerce industry.
The surge in online shopping during the pandemic could put pressure on delivery companies like FedEx Corporation (NYSE: FDX) and United Parcel Service Inc (NYSE: UPS). This demand has led to UPS putting limits on the number of packages delivered from certain customers.What Happened: The Wall Street Journal reports that UPS has put limits on six retailers during the Cyber Monday online shopping event. The retailers are L.L. Bean Inc, Hot Topic, Newegg, Macy's Inc (NYSE: M), Gap Inc (NYSE: GPS) and Nike Inc (NYSE: NKE).The message seen by WSJ said drivers were told not to pick up packages in certain regions on Cyber Monday at these retailers."No exceptions," read the message. Some UPS Workers confirmed this practice to WSJ.A UPS spokesperson told The Hill that if demand exceeded planned package spacing, UPS would "work with our larger customers to ensure the volume gets picked up and delivered as more capacity becomes available in our network."Related Link: PreMarket Prep Stock Of The Day: UPSWhy It's Important: Both UPS and FedEx raised prices ahead of the holiday season and want to make sure they can meet demands from all partners."We've worked with our large retail customers to ensure they are aware of how much capacity is available to them," a spokesperson told The Hill.While this could be bad news for retailers who can't get their packages out as fast to consumers, it could show some early leaders in the 2020 holiday season.The UPS order could be showing that Nike, Macy's and Gap are all having strong order support online from customers. This could lead to strong quarterly earnings for these three publicly traded companies.The limit from UPS also comes as the company is stepping up its effort with freezers and dry ice production to meet the needs of COVID-19 vaccine shipments. The shipping of vaccines and holiday orders during December could become a large issue for logistics companies.See more from Benzinga * Click here for options trades from Benzinga * How UPS Could Be Winner In COVID-19 Vaccine Logistics(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.