251.50 0.00 (0.00%)
After hours: 4:31PM EDT
|Bid||251.02 x 800|
|Ask||251.98 x 1200|
|Day's range||250.86 - 253.18|
|52-week range||191.93 - 274.66|
|PE ratio (TTM)||15.34|
|Earnings date||19 Jun 2018|
|Forward dividend & yield||2.00 (0.81%)|
|1y target est||287.96|
The FAA just approved a swath of projects to explore the potential of commercial drones, and the data they produce will be invaluable to the nascent industry.
At this point, it may seem that there's no industry that Amazon.com (AMZN) can't touch, so it's not surprise that logistics are worried that the e-commerce giant could turn from friend to foe for delivery companies like United Parcel Service (UPS) and FedEx (FDX). Crowdsourcing "will remain a marginal source of capacity for the e-retail industry," as there's limited risk of "full-scare diversion" of shipping from traditional carriers to crowdsourced models, simply because of the constraints and high costs required to build efficient, flexible networks and the limitations of "right-timed" labor.
Throughout 2018, blockchain and cryptocurrency hackathons are taking place on every continent but Antartica. In the United States alone, conferences are happening in Las Vegas, Atlanta, Berkeley, Raleigh, San Francisco, New York City, Seattle and, of course, Silicon Valley. Some conferences will be more inclined toward a particular sector like Blockchain Health in Washington D.C. Others will target a specific demographic like Women4Blockchain in New York City. Some conferences will attract thousands in attendance; others might charge thousands of dollars for attendance.In its first year, EthMemphis distinguished its place on the blockchain conference circuit for displaying an under-the-hood glimpse at what actually moves this young industry forward, specifically on the Ethereum network. Taking place at the University of Memphis’ Fedex Institute of Technology, EthMemphis focused on Ethereum-based blockchain topics and projects applied to supply chain, healthcare, tourism/hospitality, education and law.Specifically, the three-day conference consisted of a hackathon interspersed with a Saturday full of blockchain talks, technical workshops, drone racing and a collaborative effort between the Decentraland team of Buenos Aires and the Memphis Game Developers to create a game within the virtual world.FedEx: Blockchain or Be DisruptedSean Healy, senior vice president of transportation for FedEX Freight, gave a keynote address. Healy stated that FedEX Freight is the least technologically sound arm of FedEx and, therefore, presents a huge opportunity for blockchain technology to be applied to supply chain logistics. Healy explained the importance of FedEx CEO Fred Smith’s quote: “The information about the package is just as important as the package itself.” There are multiple parties involved in the cross-border shipping supply chain such as customs authorities, brokers and government agencies — all of which need information about a particular package. Maintaining a distributed ledger for package information would allow FedEx to significantly reduce operational costs by decreasing turnaround time. Healy said that with regards the current uncertainty of U.S. regulations applied to blockchain technology, FedEx is encouraging federal and state governance to help set standards. HackathonThere were five prize categories at this hackathon: legal, supply chain, healthcare, travel and innovation. In the legal category, the hackathon was won by “Blockchain of Custody.” Built on Solidity, Blockchain of Custody uses a blockchain to track the criminal evidence used during trials. The project was built by Joshua Shelton, Sam Borick (@mibzman), Christine Lee and Yucheng Zhang. Congratulations to @ETHMemphis Hackaton Winners: Joshua Shelton, Sam Borick, Christine Lee, Yucheng Zhang - Legal Category: "#Blockchain Of Custody" // @tusharsingh @TroyParkes @uofmemphis #TeamFedEx #ProudToBeFedEx—o-o-Ộ-o-o— pic.twitter.com/DAQvxf5mug— Sonia Farace (@soniafarace) May 20, 2018 In the supply chain category, “Organ Trail” won for creating a solution to accommodate fast, secure and error-free transportation of organ transplant data among multiple parties. Built using node.js/Solidity/OpenZepplin/ERC721/Ethereum, the project was built by Alex Fisher, Forest Fang, the ZhenPanda and the mysterious Nedodne. “Ethereum Insight” won in the innovation category. Built by Rahul Raina and Kiko Lam, the project creates a querying layer — a simple API structured tool to filter data of ERC20 tokens — to drive insight about user behavior of ERC20 token holders.EthKids Breeding Cryptozombies!During the weekend, Bitcoin Magazine spoke with Meka Egwuekwe, executive director of the Memphis nonprofit, Code Crew. Code Crew mentors Memphis’s underrepresented youth to be tech innovators of tomorrow by teaching them how computation and digital systems work, and how to apply those principles to programming and software development.Since 2015, Code Crew has taught more than one thousand students to code through summer camps, after-school programs and in-school electives. Of the 250 kids who participate in Code Crew weekly, 91 percent are black and Latino and 41 percent are female; 89 percent of all participants are more likely to study computer science.On Saturday, Code Crew kids wrote their first smart contracts on the Ethereum network with Solidity code using CryptoZombies. CryptoZombies is a free platform that teaches newcomers and experienced programmers alike how to build commercial scale applications, especially games, on the Ethereum blockchain. Our @_CodeCrew kids have been learning about @blockchain and @ethereum at @ETHMemphis. They’ve even written their first Solidity code using CryptoZombies! #BlockChain #GritGrindCode pic.twitter.com/k1oc07idT5— CodeCrew (@_CodeCrew) May 19, 2018 EthMemphis Does the Infamous ERC721The ERC721 token was a heavily discussed topic during EthMemphis. On Saturday, Airbnb’s Elena Nadolinski led a live coding workshop where she showed the audience how to build their own ERC721 token. The ERC721’s notoriety in the cryptocurrency and blockchain ecosystem is mostly attributed to the viral phenomenon, CryptoKitties. Here is how Nadolinski explained the significant difference between ERC20 (most commonly used to make new cryptocurrencies) and ERC721 tokens: ERC20 tokens represent fungible assets such as currency; ERC721 tokens represent non-fungible or unique assets such as the Mona Lisa, concert tickets, or collectibles such as art or Pokemon cards. DAppBoard Games, an analytics platform for tracking the use of Ethereum smart contracts, distinguishes the difference between ERC20 and ERC721 tokens another way: ERC20 is classified as a token and ERC721 is classified as some type of game.One EthMemphis sponsor uses ERC721 tokens to allow for access to hotel rooms for a predetermined amount of time. BookLocal, is a travel and hospitality company that wants to simplify hotel booking and guest management by streamlining it on the Ethereum blockchain. “Hotels will be able to mint their own ERC721 tokens based on how many rooms they have,” said Sardor Umarov, co-founder of BookLocal. “We see opportunity to empower destinations to work in partnership with local hotel operators, to lower the overall cost of distribution and to retain more revenue within local economies.”In addition, BookLocal awarded special prizes to hackathon participants Sam Steele and Aaron Anderson for their work on the BookLocal platform. This article originally appeared on Bitcoin Magazine.
United Parcel Service’s (UPS) forward dividend yield of 3.1% is the highest in its peer group. In this series, we’re looking at US public transportation stocks operating in the LTL (less-than-truckload) sector. Apart from these companies, we’re also looking at major clearing and forwarding firms and freight brokerage companies.
In the first quarter, United Parcel Service (UPS) reported adjusted earnings per share of $1.55. With a payment of a quarterly cash dividend of $0.91 per share, UPS’s dividend payout ratio was 59.0%. Dividends are paid out of a company’s FCFs (free cash flows).
Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo. “We’re quite confident that it has big, big implications in supply chain, transportation and logistics,” Chief Executive Officer Fred Smith said at a blockchain conference in New York on Monday. Blockchain uses computer code to record every step of a transaction and delivery in a permanent digital ledger, providing transparency.
The U.S. Postal Service reported Friday a second-quarter net loss that widened to $1.34 billion from $562 million a year ago. The controllable loss, which excludes items that are non-recurring and outside of management control, was $656 million vs. a profit of $12 million a year ago. The controllable loss was due primarily by a $236 million increase in retiree health benefit costs, a $364 million rise in compensation expenses and a $155 million increase in transportation expenses.
Intel, FedEx, General Electric and an array of other companies will help test drones for an array of state, local and tribal government projects. But Amazon wasn't included.
At Memphis International Airport, drones may soon be inspecting planes and delivering airplane parts for FedEx Corp. In Reno, Nevada, they will test airlifting life-saving defibrillators to patients. A who’s who of technology and aviation companies won U.S. approval Wednesday to push the edge of the envelope in drone flights, from testing people’s tolerance for delivery devices hovering over their rooftops to ensuring farmers’ drones won’t hit crop dusters. In the most far-reaching test program to date for burgeoning drone commerce, the Department of Transportation announced the selection of 10 state, local and tribal governments -- in partnership with companies that include Intel Corp., Uber Technologies Inc. and Qualcomm Inc. -- as social and scientific test areas.
FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. Benefits won’t change, FedEx said, without disclosing the cost of the transaction.
NEW YORK, May 07, 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 Alcoa ...
FedEx Corp. has begun delivering packages in upstate New York with its first hydrogen-powered van in North America. The roll-out is a milestone for hydrogen vehicles, which are emission-free but have struggled to attain the success of hybrids and plug-in electric vehicles. “This is one way we’re working to revolutionize transportation,” Mitch Jackson, chief sustainability officer at FedEx, said in a statement Tuesday.
UPS Q1 EPS surged 17% to $1.55 per share, a penny above the consensus estimate. The parcel delivery giant's stock closed in on a key technical support.
The Dow Jones Industrial Average rose more than 200 points, but the real action was in the Nasdaq Composite. •...keep an eye on FedEx (FDX). Yes, Netflix (NFLX) rose 9.2% to $336.06 after trouncing earnings, which helps explain the Nasdaq's 1.7% rise to 7281.10, and UnitedHealth Group (UNH) rose 3.6% to $238.55 after its own report.
Technically speaking, the U.S. benchmarks’ jagged April rally attempt has reached potentially consequential tests, writes Michael Ashbaugh. On a headline basis, the S&P 500 is challenging major resistance ...