May 5, 2015, 9:16 AM
- Clean Energy Fuels (NASDAQ:CLNE) +5.4% premarket after UPS agrees to purchase renewable natural gas for its delivery vehicle fleet from the company.
- UPS fueling stations in Sacramento, Fresno and Los Angeles will utilize CLNE's Redeem RNG for refueling tractors and delivery vehicles in UPS' fleet beginning this month; the companies estimate that the three stations will provide ~1.5M gallon equivalents per year of RNG fuel to nearly 400 UPS CNG vehicles in California.
- CLNE says the UPS move "sends a clear message that RNG is a viable, cost-effective alternative to traditional diesel."
Apr. 29, 2015, 9:52 AM
- Bank of America Merrill Lynch upgrades UPS (UPS +0.7%) to a Buy rating from Neutral after digesting the company's earnings report and guidance.
- The investment firm also takes its price target on the shipper stock to $115 from $103.
- Previously: United Parcel Service beats by $0.03, misses on revenue (Apr. 28 2015)
- Previously: Double-digit profit growth for UPS in Q1 (Apr. 28 2015)
Apr. 28, 2015, 8:27 AM
- UPS (NYSE:UPS) names Richard Peretz to be its new CFO to replace Kurt Kuehn who is retiring.
- Peretz is the current Treasurer at UPS.
- The CFO swap will take effect on July 1.
- Previously: United Parcel Service beats by $0.03, misses on revenue
- Previously: Double-digit profit growth for UPS in Q1
- UPS +1.0% premarket.
Apr. 28, 2015, 7:56 AM
- UPS (NYSE:UPS) increased operating profit 11% to $1.7B in Q1 as pricing action and expense control helped to offset F/X challenges in Europe.
- Total shipment volume was up 2.8%.
- Volume in the U.S. Domestic segment rose 2.4% and revenue per package increased 1.3%.
- Total international package revenue was off 5% even with volume up 2.8%.
- Guidance: UPS backs previous guidance for 2015 EPS of $5.05-$5.30 vs. $5.15 consensus.
- Previously: United Parcel Service beats by $0.03, misses on revenue
- UPS +1.61% premarket to $98.98.
Apr. 28, 2015, 7:37 AM
- United Parcel Service (NYSE:UPS): Q1 EPS of $1.12 beats by $0.03.
- Revenue of $13.98B (+1.5% Y/Y) misses by $290M.
- Shares +1.1% PM.
Apr. 27, 2015, 7:44 AM
- In his "We Are Full of Bull" note this morning, Morgan Stanley's Adam Parker says the economy will accelerate in Q2 and Q3, bringing stocks along for the ride. If investors are gun-shy thanks to record levels for the averages, Parker suggests looking for names with decent long-term earnings forecasts trading at a discount to the market.
- The ten largest U.S. stocks trading at a discount, but with above-average expected growth rates: Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Gilead (NASDAQ:GILD), Union Pacific (NYSE:UNP), Actavis (NYSE:ACT), Twenty-First Century Fox (NASDAQ:FOXA), Time Warner (NYSE:TWX), Ford (NYSE:F), BlackRock (NYSE:BLK).
- Conversely, one might want to avoid those stocks selling for substantial premiums. The ten largest stocks trading at a premium to the market while growing at a below-average rate: Exxon (NYSE:XOM), Procter & Gamble (NYSE:PG), Chevron (NYSE:CVX), Coca-Cola (NYSE:KO), Pepsico (NYSE:PEP), Schlumberger (NYSE:SLB), MMM, McDonald's (NYSE:MCD), UPS, Nike (NYSE:NKE).
- Source: Bloomberg
Apr. 13, 2015, 2:42 AM
- Looking to expand its package delivery network, UPS (NYSE:UPS) is planning to invest €1B in Europe, German magazine Wirtschaftswoche reports.
- The news follows FedEx's €4.4B offer last week for Dutch package-delivery company TNT Express. UPS tried to acquire TNT in 2013, but the EU ruled out the €7B bid due to antitrust concerns.
Apr. 7, 2015, 11:15 AM
- A number of air transport stocks are on the rise after FedEx ponies up $4.8B for TNT Express.
- There's some confidence from analysts that more sector consolidation could be on tap.
- Gainers include Air Transport Services (NASDAQ:ATSG) +3.8%, Air T (NASDAQ:AIRT) +3.7%, Deutsche Post (OTCPK:DPSGY, OTCPK:DPSTF) +1.4% , Atlas Air Worldwide (NASDAQ:AAWW) +1.5%, and PostNL (OTCPK:PNLYY, OTC:TNTFF) +11.7%.
- Even UPS (NYSE:UPS) is out ahead of the broad market with a +0.6% gain.
- Previously: FedEx to buy TNT Express for €4.4B
- Previously: Investors and analysts applaud FedEx-TNT deal
Apr. 7, 2015, 3:24 AM
- FedEx(NYSE:FDX) has agreed to acquire struggling TNT Express (OTCPK:TNTEF) for €4.4B ($4.8B) in a deal that will give the U.S. company access to the Dutch package-delivery firm's European road network. In return, the latter's customers should benefit from FedEx's global distribution platform.
- FedEx is offering €8 a share, or a premium of 33% over TNT's close of €6 in Amsterdam on Thursday last week. PostNL (OTCPK:PNLYY), TNT's biggest shareholder, has agreed to sell its 14.7% holding.
- FedEx hopes to succeed where United Parcel Service (NYSE:UPS) failed two years ago, when the EU moved to block a bid of almost €7B due to antitrust concerns. However, unlike FedEx, UPS already had a significant European presence when it tried to acquire TNT. (PR)
Apr. 2, 2015, 2:31 PM
- Quantum Fuel (QTWW +6.1%) says it has won an order from UPS for 319 fuel systems for the package delivery company's heavy duty compressed natural gas vehicle program.
- QTWW says delivery dates will begin in mid-2015 and include the recently released versions of Quantum's Q-Cab Lite and Q-Rail Lite storage systems, plus anticipated September delivery of a version of its soon to be released next-generation back-of-cab storage system.
Mar. 24, 2015, 7:43 AM
Mar. 16, 2015, 12:31 PM
- FedEx (FDX +2.1%), UPS (UPS +1.6%), and Deutsche Post ADRs (OTCPK:DPSGY +1.9%) are all ahead of market averages today with oil prices in decline again.
- Oppenheimer also made some positive comments on pricing in the sector as it backed an Outperform rating on FedEx.
- The price target on FDX from Oppy sits at $200.
- UPS has had a tougher time this year than FDX with shares -10% YTD as operational complexities have kept profit expectations reined in. Across the pond, Deutsche Post is -3.5% YTD.
Mar. 9, 2015, 2:35 AM
- UPS (NYSE:UPS) kicked off a new global ad campaign targeting businesses on Sunday in an attempt to communicate it is about more than just package delivery.
- The new slogan, "United Problem Solvers," highlights the global delivery giant’s increasing emphasis on providing offerings to businesses including temperature sensitive health-care solutions, its ability to help grow small businesses and its e-commerce expertise for retailers.
Feb. 5, 2015, 7:36 AM
- The labor dispute between ship operators and dockworkers on the West Coast has ratcheted up again to threaten the pace of work at 29 ports in Washington, Oregon, and California.
- Observers at the L.A. and Long Beach ports say freighters are at anchor with no open berths due to a planned slowdown in progress.
- Honda (NYSE:HMC) and Subaru (OTCPK:FUJHY) are shipping some parts to the U.S. through air services to avoid the crawl.
- McDonald's (NYSE:MCD) has airlifted 100 tons of french fries to the region to stock restaurants.
- Other companies impacted by the development include Gap (NYSE:GPS), Lululemon (NASDAQ:LULU), Wal-Mart (NYSE:WMT), Kohl's (NYSE:KSS), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP)
- FedEx (NYSE:FDX) and UPS (NYSE:UPS) could see a marginal benefit in some cases from companies facing a parts crunch, observe analysts
- ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Feb. 3, 2015, 8:06 AM
- UPS (NYSE:UPS) reports global shipments rose 8.1% in Q4.
- Revenue in the U.S. Domestic segment was up 7.5% to $10B on strong package volume growth across air and ground.
- Operating expenses in U.S. Domestic were $200M higher than a year ago due to peak traffic costs. Revenue per package -0.8% Y/Y.
- International package revenue +5.9% to $3.4B on strong European business. Operating profit fell 38% to $335M due to pension and healthcare costs.
- The impact from lower fuel costs and the delayed fuel surcharge adjustment wasn't broken off by UPS in its release.
- Guidance: UPS expects 2015 EPS growth of 6%-12% to $5.05-$5.30 and reaffirms long-term growth in a range of 9% to 12%. Currency and pension headwinds of up to $240 are noted.
- UPS -1.13% premarket to $99.00. A pre-announcement by UPS on Q4 results has taken some of the sting out of the report.
Feb. 3, 2015, 7:48 AM
- United Parcel Service (NYSE:UPS): Q4 EPS of $1.25 in-line.
- Revenue of $15.9B (+6.1% Y/Y) beats by $100M.
United Parcel Service, Inc. is a logistics company, which provides global package delivery and supply chain management services. It offers logistics services to the global market, which include transportation, distribution, forwarding, ground, ocean and air freight, brokerage and financing. The... More
Industry: Air Delivery & Freight Services
Country: United States
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