UPS - United Parcel Service, Inc.
120.45 -0.25 (-0.21%)
After hours: 5:21PM EDT
| Previous Close | 119.12 |
| Open | 119.83 |
| Bid | 120.38 x 1100 |
| Ask | 120.66 x 1400 |
| Day's Range | 119.27 - 120.92 |
| 52 Week Range | 89.89 - 123.63 |
| Volume | 5,268,295 |
| Avg. Volume | 3,310,445 |
| Market Cap | 102.002B |
| Beta (3Y Monthly) | 1.44 |
| PE Ratio (TTM) | 22.03 |
| EPS (TTM) | 5.48 |
| Earnings Date | Oct 22, 2019 |
| Forward Dividend & Yield | 3.84 (3.22%) |
| Ex-Dividend Date | 2019-08-16 |
| 1y Target Est | 122.91 |
- GuruFocus.com
FedEx: The Struggles Continue
A look at the company's start to fiscal 2020 Continue reading...
- Benzinga
Amazon Announces Purchase Of 100,000 EV Delivery Vehicles From Rivian — The Largest Order Ever
Raising the stakes in the eco-friendly delivery wars, Amazon.com, Inc. (NASDAQ: AMZN) said it has ordered 100,000 electric delivery vans from electric vehicle startup Rivian. The announcement coincided with a broader pledge to reduce greenhouse gas emissions the e-giant generates by delivering over 10 billion packages a year. "We want to be leaders and role models," CEO Jeff Bezos said during an event at the National Press Club in Washington, DC, on Sept. 19.
- Bloomberg
Amazon’s Emissions Bigger Than Some Rivals, Trail Walmart
(Bloomberg) -- Amazon.com Inc. contributed more greenhouse gas emissions last year than some big competitors in retail, logistics and technology, but less than rival Walmart Inc. and the world’s biggest energy companies, highlighting the growing scale and diverse businesses of the conglomerate.The disclosure by Amazon of its 2018 carbon emissions, 44.4 million metric tons of carbon dioxide equivalent, including purchased electricity and indirect emissions, came Thursday when the company committed to powering all of its business operations by renewable energy sources by 2030, and achieving carbon neutrality a decade later.Amazon’s emissions exceed the reported totals of United Parcel Service Inc. and FedEx Corp. as well as Apple Inc., Alphabet Inc., Microsoft Corp. and Target Corp. in data compiled by CDP, formerly the Carbon Disclosure Project. Amazon’s total is 38% less than rival Walmart, the group said.“It’s a big number,” said Bruno Sarda, president of CDP North America, adding that Amazon’s emissions compare to a large power company. “They probably wouldn’t make the top 50, but when you look at what’s up there, it’s mostly all the large fossil fuel companies.”An Amazon spokesman said the company’s disclosures, which accounted for emissions generated by customer trips to retail stores such as Whole Foods, captured a fuller picture than those of some competitors.Amazon for years has frustrated climate advocates by refusing to participate in increasingly common corporate social responsibility and environmental disclosures. But employees and shareholders have been pressuring the company to change. A shareholder proposal in May requesting an Amazon climate policy failed -- but drew 30% of votes cast.“We’ve been requesting this information from them for 15 straight years,” Sarda said. “They’re just not big fans of transparency, or using frameworks that others have developed to measure their performance.”Chief Executive Officer Jeff Bezos acknowledged that Amazon had work to do. “We’ve been in the middle of the herd on this issue and we want to move to the forefront,” Bezos said at a news conference in Washington where he encouraged other companies to set similar goals. “We want to be leaders.”Some corporate governance and environmental groups praised the Seattle-based company for the steps they announced on Thursday.“It’s very important when a company like Amazon or Walmart take major steps to be proactive on climate,” said Tim Smith, a director at Walden Asset Management and a longtime advocate of corporate action on issues of social responsibility. “I hope they’re getting the message that they received in the votes in the shareholders meeting, and from their customers, that they expect much of them.”Amazon’s carbon footprint reflects the company’s move from a humble online retailer into a plethora of energy-intensive businesses, including running massive cloud-computing server farms, and, increasingly, hauling its own packages by plane and truck and delivering them to customers’ doorsteps. The figures the company disclosed include emissions produced by Amazon’s own operations, the electricity that powers its facilities and more indirect sources like the cost of producing Amazon’s packaging and electronic devices, among other things.The company’s turn toward transparency on climate issues wasn’t the first time a major technology company decided to go out and grab the mantle of leadership on climate change. Apple has released an environmental impact report with increasing levels of detail for the past decade and stepped into the spotlight during in 2013 when it hired Lisa Jackson, a former U.S. Environmental Protection Agency administrator, as vice president for environment, policy and social initiatives.Apple started submitting investor disclosure information to the U.K. nonprofit CDP in 2014, the same year that CEO Tim Cook publicly snapped at a critic that if he didn’t like the company’s environmental policies he should “get out of this stock.”To contact the reporters on this story: Matt Day in Seattle at mday63@bloomberg.net;Eric Roston in New York at eroston@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Aspirin-by-Drone Closer in Alphabet-Walgreens Delivery Test
(Bloomberg) -- One of the nation’s largest drug store chains and a shipping service giant are joining forces, with Alphabet Inc.’s Wing to begin a first-of-its-kind drone delivery service in October.Walgreens, FedEx Corp. and Wing, an offshoot of Google that was the first U.S. drone operator to receive partial certification as an airline, will begin the exploratory deliveries in the small town of Christiansburg, Virginia, the companies said in an announcement Thursday.The companies aim to go beyond the small-scale delivery demonstrations that have occurred so far in the U.S., typically under controlled environments conducted over short ranges, they said.“Wing has spent the last seven years developing a delivery drone and navigation system for this purpose,” Chief Executive Officer James Ryan Burgess said in the release. “By delivering small packages directly to homes through the air in minutes, and making a wide range of medicine, food and other products available to customers, we will demonstrate what we expect safer, faster, cleaner local delivery to look like in the future.”Read more: Amazon Poised to Test Chopper-Plane Mashup for Drone DeliveriesThe announcement is a sign of the rapid maturation of the drone industry, as multiple titans of industry race to find their place in what could become a transforming technology. At the same time, the U.S. government hasn’t created a regulatory structure or formal safety standards for small, low-flying drone operations, so such demonstrations continue to be conducted using waivers to existing rules.Wing has conducted demonstrations of how its deliveries would work before, including lowering a Popsicle to a toddler in Virginia last year. But the project with Walgreens and FedEx is designed to send actual merchandise to customers on a far bigger scale.The demonstration project is being conducted near the campus of Virginia Tech in Blacksburg and is associated with the Mid-Atlantic Partnership, one of the groups selected by the U.S. government as testing entities for drone commerce. While there is growing demand for using drones to deliver goods and to perform many industrial functions, the Federal Aviation Administration is still in the process of developing regulations to govern them.Robotic RaceWing is one of the leading companies in the race toward having robotic unmanned craft zip through the sky to people’s homes to drop off goods, and has received waivers to allow longer-range flights.Amazon.com Inc. and United Parcel Service Inc. are also developing their delivery services. A number of smaller companies, including Flirtey Inc. and Zipline International Inc., are either doing demonstration projects or have made deliveries in other countries.The partnership between Wing, Walgreens and FedEx has benefits for all three in the race to exploit the drone economy.Walgreens, a division of Walgreens Boots Alliance Inc., and other large drugstore chains have seen their sales chipped away at by Amazon and other online retailers, as the convenience of a brick-and-mortar pharmacy a short drive away has been supplanted by a package delivered to a customer’s front door. Amazon has also moved into the prescription drug business, offering patients conveniently-packaged pills through its PillPack unit.Drugstores Fight BackIn response, the drugstore chains have begun offering competing services to defend themselves. Walgreens offers a delivery service for prescriptions, and has partnered with FedEx to use its stores as package drop-off points. It’s also partnered with Kroger Co. on a pilot program for customers to pick up groceries at Walgreens stores.The partnership with Wing gives FedEx leverage to compete against UPS, which is using the small flying devices for revenue-generating health-care deliveries, such as blood samples, within a hospital campus in North Carolina.UPS is also seeking FAA authorization to operate like a small airline and expects to get that designation soon. UPS Chief Executive Officer David Abney has said the focus of drone deliveries would be the health-care industry at first, and then expand from there.(Updates with other companies in ninth paragraph.)\--With assistance from Drew Armstrong.To contact the reporters on this story: Alan Levin in Washington at alevin24@bloomberg.net;Thomas Black in Dallas at tblack@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon
The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon
- Benzinga
UPS Drivers Don A Uniform Upgrade After 100 Years
UPS drivers around the world have worn the recognizable brown "shirt jack" with pants for nearly 100 years. "UPS is in the midst of a company-wide transformation, and a significant part of that effort involves a cultural and brand shift that embraces innovation, speed and relevance," said Chief Marketing Officer Kevin Warren. UPS calls its drivers "industrial athletes." The new uniform honors the performance aspect of their job by keeping in mind comfort and safety.
- GlobeNewswire
UPS Recognized On Dow Jones Sustainability World Index For Seventh Consecutive Year
UPS (UPS) made the Dow Jones Sustainability World Index (DJSI World) for the seventh consecutive year and the Dow Jones Sustainability North America Index for the 15th straight year. The highly-regarded indices evaluate companies on their sustainability performance and position UPS in the top 10% of sustainability performers among the 2,500 largest companies tracked in the S&P Global Broad Market Index.
- Benzinga
UPS Paying $2.25 Million To Avoid Pregnancy Discrimination Lawsuit
The agreement reached with the U.S. Equal Employment Opportunity Commission (EEOC) will provide payment to UPS workers who weren't properly compensated while they were pregnant between 2012 and 2014. The settlement payment will be primarily the difference between short-term disability payments they received and the amount they would have received if they had been allowed to work, according to the EEOC. The agency pointed out that until UPS changed its pregnancy policy in 2015, the company had provided light-duty assignments to employees who had been injured on the job, those with certain driving restrictions and those with disabilities – but not to pregnant employees.
- Zacks
FedEx & UPS Divergence: What's The Catalyst?
The shipping industry is in crux position as retail is shifting from brick-and-mortar to online. This creates both an excellent opportunity for growth as well as new competitors like industry behemoth Amazon.
- Bloomberg
FedEx Plunges Most Since 2008 as Outlook Cut Spurs Analyst Scorn
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. FedEx Corp. Chief Executive Officer Fred Smith blamed the company’s disappointing outlook on a weakening global economy dragged down by President Trump’s trade war. Wall Street isn’t buying it.At least five analysts downgraded the shares, taking Smith to task for what Deutsche Bank AG called a series of “missteps’’ in recent years. The shares plunged Wednesday by the most in a decade.FedEx hasn’t moved fast enough to reduce capital expenditures and cut capacity at the air-shipping business, critics said. A $4.8 billion acquisition in Europe has turned into a money pit. And the courier is incurring extra costs to boost efficiency to handle the surge in e-commerce deliveries -- all while cutting longstanding ties with Amazon.com Inc.“While some may view this as the bottom in shares, we don’t see any support until management takes responsibility for recent performance and clearly articulates a credible path to better results,” said Deutsche Bank’s Amit Mehrotra, who downgraded the stock. “In the meantime, share will continue to melt lower, and rightfully so,” he wrote in a report titled “Lost confidence in FDX.”The shares tumbled 13% to $150.91 at the close in New York, the biggest drop since December 2008. United Parcel Service Inc. fell 1.1% while Deutsche Post AG slipped 1.2%.FedEx’s slide wiped out its year-to-date gain. Even before the drop, the shares were already lagging UPS and a Standard & Poor index of U.S. industrial companies.Deutsche Post responded to FedEx’s warning by saying that it hasn’t seen changes in volume trends since its most recent comments in August. UPS said it hasn’t detected a broad-based slump.“UPS has seen softening in some markets as customers react to trade uncertainty, but has not experienced broad dampening,” the Atlanta-based courier said in a statement. “The company continues to manage costs and adapt its network to take advantage of growth opportunities as sourcing patterns shift among markets.”FedEx surprised investors by slashing its profit outlook for the fiscal year ending in May to as low as $11 a share, 25% lower than analysts’ expectations. Smith and his lieutenants also drew fire for a combative conference call late Tuesday.While Smith asserted that “FedEx will unquestionably be the low-cost producer” for domestic air deliveries, the company said the new outlook didn’t count on any additional weakening in the global economy. In other words, there could be more downside.‘Lost Their Way’“They were saying, ‘Yes, it’s tough out there and challenging. These are the actions we’re going to take. Trust us,’ ” said Kevin Sterling, an analyst with Seaport Global Holdings. “They’ve kind of lost their way here for it seems like a year or so. People are becoming more skeptical.”FedEx cited global economic weakness “driven by increasing trade tensions and policy uncertainty,” and the company is hardly alone in feeling anxiety. The Business Roundtable’s CEO Economic Outlook Index fell in the third quarter to the lowest since late 2016, the group said Wednesday.More than half of CEOs said U.S. trade policy and retaliation from other countries had a negative effect on sales over the past year, while a third said it was having a similar impact on hiring.But FedEx took criticism from analysts for sticking with a capital-spending budget of $5.9 billion, including $350 million to finish the work to combine FedEx’s network in Europe with TNT Express, a Dutch-based company it bought in 2016.‘Execution Challenges’Whether those efforts turn into higher profit remains to be seen, said Todd Fowler, an analyst with KeyBanc Capital Markets, who also downgraded the shares.“We anticipate a ‘wait-and-see’ approach with respect to expected margin and earnings improvement given recent execution challenges,” Fowler said in a note to clients.What Bloomberg Intelligence Says:“FedEx is facing a number of near-term headwinds on top of the pressures from slowing economic growth.“While fiscal 2020 will be a transition year for the company, we still believe longer-term prospects should turn positive once benefits from TNT and investments in technology and equipment are realized.”\- Analysts Lee Klaskow and Adam Roszkowski\- Click here for the researchTNT is turning into a particular sore spot. An economic slowdown in Europe is hampering FedEx’s effort to turn around operations after what is already a slow, costly integration. Running both the TNT and FedEx networks drives up costs, Sterling said.“This global macro weakness couldn’t hit them at a worse time. They’re kind of getting exposed,” Sterling said. “The international weakness hit them faster than they realized. It was just three months ago that they lowered guidance and now again they’re coming back to do it. The ultimate question is when is the bottom.”\--With assistance from Richard Weiss, Bailey Lipschultz and Tony Robinson.To contact the reporters on this story: Thomas Black in Dallas at tblack@bloomberg.net;Sam Unsted in London at sunsted@bloomberg.net;Chiara Remondini in Milan at cremondini@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, ;Beth Mellor at bmellor@bloomberg.net, Richard CloughFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
How UPS uniforms have changed over the past 100 years
United Parcel Service Inc. said Wednesday that its iconic “Browns” uniform was getting a makeover to a more contemporary look, continuing the transformation of the uniform over the past 100 years.
- GuruFocus.com
FedEx Corp's 1st-Quarter Earnings and Revenue Fail to Meet Expectations
Courier giant’s results affected by declining global economic conditions Continue reading...
- Yahoo Finance
FedEx won't be the only earnings disaster this fall
FedEx laid yet another egg in the most recent quarter thanks to challenging global economic conditions and its own missteps.
- Investor's Business Daily
UPS Stock Is Near Buy Zone, But Is It A Good Buy Right Now? Here's What Earnings, Charts Say
The e-commerce revolution has boosted package shipments, but UPS earnings growth has been sluggish amid heavy investments. With Amazon a rising threat, is UPS stock a buy right now?
- American City Business Journals
UPS unveils 'major redesign' of driver uniforms as part of 'company-wide transformation'
UPS said it is phasing in the first major redesign of the company's recognizable "Browns" corporate uniform since the early 1920s.
- GlobeNewswire
UPS “Browns,” Company’s Iconic Uniform, Get A Makeover
UPS “Browns,” one of the world’s most iconic and recognizable corporate uniforms, are getting a makeover. The updates are designed to improve driver comfort, safety and performance. UPS drivers are often referred to as industrial athletes, so many of the changes to the uniform include using performance fabrics with improved stretch for better range of motion.
- American City Business Journals
UPS to add hundreds of holiday jobs in Orlando
Orlando will be one of several markets where United Parcel Services Inc. will ramp up hiring as we head into the holiday season. The Atlanta-based firm (NYSE: UPS) will hire 1,000 seasonal workers in Central Florida as part of a nationwide push for more than 100,000 seasonal employees. The full- and part-time seasonal positions come as the company is preparing for a greater amount of parcels during the holiday season.
- Investor's Business Daily
Dow Jones Futures: Stock Market Nears Highs Amid Fed Rate-Cut Mystery; Adobe, FedEx, Chewy Are Earnings Movers
Dow Jones futures: The stock market rally neared highs even as Fed rate-cut odds fell to 50-50. Adobe, FedEx and Chewy fell on weak earnings or outlooks.
- TheStreet.com
United Parcel Service Could Continue to Forge Its Own Way to the Upside
The charts of UPS and rival FedEx are quite different, with the former's technical signals indicating it could head higher.
- Yahoo Finance
FedEx earnings and sales miss expectations, company guides lower
FedEx (FDX) reported first-quarter results that missed consensus expectations and lowered guidance for the fiscal 2020 year.
- Benzinga
FedEx Will Not Apply Peak Season Parcel Surcharges; Saves The Pain For The Outsized Stuff
FedEx Corp. (NYSE: FDX) said Sept. 16 it will not apply residential surcharges this peak shipping season on deliveries of standard-sized parcels, though it will impose surcharges on shipments that require extra handling or those consignments that are so outsized the company may refuse to handle them. The announcement marks the third consecutive year that FedEx will not apply peak surcharges on its standard parcel deliveries, the company said. FedEx will apply a $4.10 per package "additional handling" surcharge on U.S. express, and U.S. and international ground deliveries.
- GlobeNewswire
The UPS Store Presents The “Tell Your Tale” National Contest For Young Writers
The UPS Store, Inc. is launching “Tell Your Tale,” a nationwide contest of stories written by young authors, in celebration of childhood literacy. A selection of stories will be published in a special book to be distributed at events surrounding the 2020 Rose Parade presented by Honda on Jan. 1, 2020, in Pasadena, California. The UPS Store, which won the parade’s top award last year for its eye-catching float, is participating once again in the iconic New Year’s Day procession.
- TheStreet.com
Let's See If Any Surprises Await in This FedEx Delivery
As the shipping company reports Tuesday night, headwinds blowing from Amazon and China trade are strong, but there's a chance of an unexpected move to the upside or activist investor news.
- Yahoo Finance Video
Why Amazon is ‘going all out’ to find new talent at its job fairs today
Amazon hosted jobs fairs in six different cities today in an effort to fill 30,000 jobs. Santosh Rao, Head of Research at Manhattan Venture Partners, joins Akiko Fujita on 'The Ticker' to discuss.
