|Bid||116.01 x 2900|
|Ask||0.00 x 800|
|Day's range||114.00 - 116.78|
|52-week range||101.45 - 135.53|
|Beta (3Y Monthly)||1.13|
|PE ratio (TTM)||19.58|
|Earnings date||24 Oct 2018|
|Forward dividend & yield||3.64 (3.08%)|
|1y target est||128.58|
There aren’t enough truck drivers to haul all the goods, and we’ll probably feel the burn of that within a few months.
J.B. Hunt Transport Services’ (JBHT) ICS (Integrated Capacity Solutions) segment’s revenues were $346.0 million in the third quarter—up 28.6% YoY (year-over-year) from $269.0 million. For J.B. Hunt, this non-asset-based segment is the third-largest total revenue source.
Tens of thousands of Teamsters members earlier this month rejected a five-year contract agreement with United Parcel Service, unhappy with a proposal to create a new class of drivers with lower pay. Fifty-four percent of the ballots were "no" votes, but under a Teamster rule, a rejection requires two-thirds of the voters to vote down the contract when less than half of eligible members participate. Now, many Teamsters members are angry, divided and feel like their union leaders have betrayed them.
U.S. officials said the administration sought to revise the treaty in September and was rebuffed by other nations, prompting the decision to withdraw. The State Department will deliver a notice to the Universal Postal Union in Switzerland Wednesday, White House Press Secretary Sarah Huckabee Sanders said in a statement.
UPS aims at enhancing customer experience by expanding the UPS My Choice service in the near term to additional 96 countries.
US road transportation companies’ earnings releases usually start with J.B. Hunt Transport Services (JBHT). On October 15, the company announced its third-quarter earnings after the market closed. J.B. Hunt (XTN) reported an adjusted EPS of $1.47, which exceeded analysts’ estimate by $0.07. The analysts were surveyed by Thomas Reuters. J.B. Hunt beat analysts’ adjusted earnings estimate by 5%. The company’s adjusted EPS for the third quarter rose 52% YoY (year-over-year) from $0.96 in the third quarter of 2017.
UPS (UPS) today announced the grand opening of its second largest ground package processing facility in the United States and fourth largest package operation in its worldwide network. The new Atlanta sortation and delivery center is part of an expanded network of regional hubs designed to improve efficiency, service levels and reliability. The Atlanta hub will process approximately 100,000 parcels per hour via a highly orchestrated series of conveyors, chutes, belts and ramps, into waiting trailers for transfer to another UPS location, or into package delivery vehicles bound for area businesses and residents.
Amazon (AMZN) is boosting the starting wage for its US employees to $15 an hour. About 250,000 current employees and some 100,000 seasonal workers are expected to benefit from the pay hike, which will take effect on November 1. Rising wages usually drive up costs, and that’s an impact Amazon is expected to feel as it lifts the starting pay rates for hundreds of thousands of employees.
The company launched last month plans to hire 100,000 seasonal workers to support its annual holiday shipping rush, and UPS Brown Friday is part of that continuing effort. UPS is holding nearly 170 hiring fairs across the country on Friday, and will be hiring thousands of candidates on the spot. “Just about everyone has heard of Black Friday and Cyber Monday, but for anyone looking for a great seasonal job this holiday season, UPS Brown Friday promises the first good deal of the season,” said Stefond Harris, Vice President, Human Resources.
The USPS has proposed a 12.3% price increase for its lightweight parcel service and a 9.3% increase for non-lightweight service.
The UPS Foundation today announced a $1.5 million commitment to support relief and recovery efforts for the earthquake/tsunami in Indonesia and Hurricane Michael in Florida. Through a combination of cash grants, in-kind transportation movements and technical expertise, The UPS Foundation, in collaboration with its disaster relief partners, will provide urgent relief, as well as support for long-term needs ranging from rebuilding to personal and financial recovery assistance. Last month, The UPS Foundation also committed more than $1 million to assist with Hurricane Florence relief efforts.
The Zacks Analyst Blog Highlights: Wells Fargo, United Parcel, PayPal, United Technologies and Morgan Stanley
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a UPS (UPS) and GreenBiz study released today. In the “Curve Ahead: The Future of Fleet Electrification” report, industry leaders identify the main motivations and barriers to electrification, as well as strategies to move the commercial electric vehicle market from niche to mainstream. The top motivation to go electric for 83 percent of large businesses surveyed is sustainability and environmental goals.
UPS (UPS) today announced the global expansion of UPS My Choice service to 96 additional countries and territories, bringing the total to 112 served. The expansion, which takes UPS My Choice service far beyond the original 16-country-and-territory footprint, comes in two phases: The first brought the service to 48 additional locations worldwide over the summer.
The UPS Store, Inc. will donate $100,000 worth of books to children-focused non-profit organizations across the country to commemorate the 10th anniversary of the Toys for Tots Literacy Program. The retail shipping and business services chain will give away $10,000 worth of Scholastic books to 10 schools or non-profit organizations in support of children’s literacy in low-income and disadvantaged communities. The UPS Store invites the public to nominate qualifying charitable and philanthropic groups at www.theupsstore.com/bookgiveaway now through Saturday, Dec. 15.
I’ve been keeping an eye on United Parcel Service Inc (NYSE:UPS) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I Read More...
Teamsters members voted down a new contract with United Parcel Service Inc., but the union’s leadership said the turnout was too low to reject the contract. Preliminary voting results showed that 54.3% of votes cast opposed the five-year deal that represents 243,000 drivers, package sorters and other workers, the International Brotherhood of Teamsters disclosed Friday evening. Another pact representing 11,000 UPS Freight workers was also rejected, with 62.1% of votes cast opposing that deal.
Delta's (DAL) top line in third-quarter 2018 is likely to be driven by solid demand for air travel. However, high fuel costs might limit bottom-line growth.
The big shareholder groups in United Parcel Service Inc (NYSE:UPS) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in Read More...
UPS (UPS) announced today that the company will deploy nearly 40 percent more employees on five continents to contribute to 450 community service projects, in the company’s 16th annual Global Volunteer Month. In 2014, CEO David Abney pledged UPS’s employees would contribute 20 million volunteer hours by the end of 2020, and the company is on pace to reach this goal. UPS estimates employees will devote 375,000 volunteer hours in October to projects in North America, Europe, Latin America, Asia Pacific and Indian subcontinent, Middle East and Africa (ISMEA).