Air Delivery & Freight Services

(FDX) FedEx Builds New Delivery Center

FedEx Corp. (FDX) has announced the construction of a ground distribution facility in Southwestern Illinois. The company expects the $23.5 million facility to serve 10,000-packages per hour upon its completion. We expect the new facility...

26May2013 | | Comments Off on (FDX) FedEx Builds New Delivery Center | Continued

(EXPD) Expeditors Meets Earnings – Revenues Drop

Expeditors International of Washington Inc. (EXPD) reported first quarter 2013 adjusted earnings of 39 cents per share at par with the Zacks Consensus Estimate. Earnings for the quarter increased 8% from 36 cents.

Total revenue...

16May2013 | | Comments Off on (EXPD) Expeditors Meets Earnings – Revenues Drop | Continued

(UPS) United Parcel Service Challenges European Union Verdict on TNT Express Aquisition

United Parcel Service, Inc. (UPS) and TNT Express have once hit the headlines for their attempt to win back the lost ground on proposed acquisition plans. Going by market reports, UPS has appealed against the European Union (EU) regulator’s...

18Apr2013 | | Comments Off on (UPS) United Parcel Service Challenges European Union Verdict on TNT Express Aquisition | Continued

(UPS) United Parcel Service Charged $40 Million on Federal Probe

The charges against  United Parcel Service, Inc. (UPS) for doing business with illegal online pharmacies finally reached a conclusion after it settled the case with a non-prosecution agreement with the U.S. Department of Justice....

11Apr2013 | | Comments Off on (UPS) United Parcel Service Charged $40 Million on Federal Probe | Continued

(UPS) United Parcel Service Expands Expedited Service

United Parcel Service, Inc. (UPS) announced the expansion of UPS Worldwide Expedited service to cover more than 220 countries. UPS Worldwide Expedited includes air service for international shipments and provides delivery within two-to-five...

25Feb2013 | | Comments Off on (UPS) United Parcel Service Expands Expedited Service | Continued

(FDX) FedEx Hit by Superstorm Sandy – Misses Earnings Forecast

FedEx Corporation (FDX) reported second quarter fiscal 2013 adjusted earnings of $1.39 per share. The results missed the Zacks Consensus Estimate of $1.41 and decreased from the year-ago earnings of $1.57. Results were affected by...

24Dec2012 | | Comments Off on (FDX) FedEx Hit by Superstorm Sandy – Misses Earnings Forecast | Continued

(FDX) FedEx Introduces New Expansion Plans

FedEx Corporation (FDX), a leading U.S. package delivery company, is expanding its services across U.S., Canada and Mexico. The company aims to tap a potential business opportunity in NAFTA (North American Free Trade agreement) markets...

28Nov2012 | | Comments Off on (FDX) FedEx Introduces New Expansion Plans | Continued

(FDX) FedEx and UPS Trapped in Legal Battle

A criminal investigation on illegal drug shipments against two of the biggest global logistics companies – FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS)...

20Nov2012 | | Comments Off on (FDX) FedEx and UPS Trapped in Legal Battle | Continued

(CHRW) C.H. Robinson Worldwide to Buy Phoenix

One of the leading third party logistic companies, CH Robinson Worldwide Inc. (CHRW) is set to buy Phoenix International, Inc. for $635 million.

Phoenix International is a U.S. based privately-held global freight forwarding...

9Oct2012 | | Comments Off on (CHRW) C.H. Robinson Worldwide to Buy Phoenix | Continued

(EXPD) Expeditors International – Bear of the Day

We maintain our Underperform recommendation on Expeditors International (EXPD). The company’s second quarter earnings missed the Zacks Consensus Estimate as well as the year-ago earnings, given low revenue yield in the air and...

25Sep2012 | | Comments Off on (EXPD) Expeditors International – Bear of the Day | Continued

(FDX) FedEx Seeks Sustainable Transport

FedEx Corp. (FDX) announced that its has set a goal of making its fleet of vehicles 20% more fuel efficient and reducing aircraft carbon emissions intensity to 30% by 2020. In its recently released fourth annual Global...

27Aug2012 | | Comments Off on (FDX) FedEx Seeks Sustainable Transport | Continued

(UPS) United Parcel Service Extends Offer on TNT Express

The world’s largest package delivery company United Parcel Service, Inc. (UPS) announced the extension of its public offer for all the issued and outstanding common shares and American depositary shares of TNT Express until November...

27Aug2012 | | Comments Off on (UPS) United Parcel Service Extends Offer on TNT Express | Continued

(FDX) FedEx Earnings Report Beats The Srett – Year Over Year Growth

FedEx Corporation (FDX) reported fourth quarter fiscal 2012 adjusted earnings of $1.99 per share. The quarter’s earnings surpassed the Zacks Consensus Estimate of $1.92 and the year-ago earnings of $1.75. The outperformance was attributable...

19Jun2012 | | Comments Off on (FDX) FedEx Earnings Report Beats The Srett – Year Over Year Growth | Continued

(FDX) FedEx Gears for Another Buy-TATEX

FedEx Corporation (FDX) is again in the lime light with acquisition plans for another European company, TATEX Express. This remarks the second big move by the company after its recent announcement to acquire Polish company Opek Sp.z...

23Apr2012 | | Comments Off on (FDX) FedEx Gears for Another Buy-TATEX | Continued

(UPS) United Parcel Services Increases 2012 Dividend

United Parcel Services (UPS) boosted its quarterly dividend by 9.6% to 57 cents per share from 52 cents paid last year. On an annualized basis, UPS’ dividend equates to $2.28 per share compared with $2.08 a year earlier.

The...

15Feb2012 | | 0 comments | Continued

(UPS) UPS 2011 Forth Quarter Earnings

United Parcel Services (UPS), the world’s largest package delivery company, is slated to release its fourth quarter and fiscal 2011 earnings on January 31, before the opening bell. The current Zacks Consensus Estimates for the...

31Jan2012 | | 0 comments | Continued

(FDX) United Parcel Service and FedEx Report Happy Holidays

This looks like a holly jolly time for package delivery companies. The holidays are bustling for both FedEx Corporation (FDX) and United Parcel...

24Dec2011 | | 0 comments | Continued

(UPS) United Parcel Services Analyst Remains Neutral on Shares

We are maintaining our long-term Neutral recommendation on United Parcel Services (UPS). The stock retains a Zacks #3 (Hold) Rank for the short term (1-3 months).

We are cautious on the company’s top-line growth, citing weak...

30Nov2011 | | 0 comments | Continued

(FDX) FedEx Shares Touche Two-year Low

The shares FedEx Corporation (FDX) dropped to the lowest level since 2008 following the reduced profit outlook for fiscal 2012 (ending May 2012). The stock plunged 11% during whole day trading and closed at $66.58, down 8.17%.

Concurrent...

24Sep2011 | | 0 comments | Continued

(FDX) FedEx Earnings Scorecard

FedEx Corporation (FDX), the world’s second-largest package delivery company, reported fourth quarter 2011 results on June 22. Both adjusted earnings and revenue surpassed the Zacks Consensus Estimates and improved from the year-ago...

6Jul2011 | | 0 comments | Continued

(UPS) United Parcel Services Raises Freight Rate

United Parcel Services (UPS) has increased its freight rates by 6.9% on non-contractual shipments. The increase is effective August 1, in the U.S., Canada and Mexico.

The company offers a variety of less-than-truckload (LTL)...

5Jul2011 | | 0 comments | Continued

(UPS) UPS-Merck Expand Deal

United Parcel Services (UPS), the world’s largest package delivery company, inked a new deal with healthcare giant  Merck & Co. Inc. (MRK) to expand its...

29Jun2011 | | 0 comments | Continued

(FDX) (FDX$) FedEx Reports Strong Numbers – ValuEngine Retains Buy Rating

FedEx Corporation (FDX) is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express...

22Jun2011 | | 0 comments | Continued

(FDX) FedEx Tops Earnings Forecast on Strong Volume

Before the opening bell, FedEx Corporation (FDX), the world’s second-largest package delivery company, reported fourth quarter 2011 adjusted earnings of $1.75 per share. The quarter’s earnings outpaced the Zacks Consensus Estimate...

22Jun2011 | | 0 comments | Continued

(FDX) The Federal Reserve in Focus

The positive stock market momentum of the last four days provides a favorable backdrop for Ben Bernanke’s second news conference, which takes place this afternoon. The Greek vote and solid earnings report from FedEx (FDX)...

22Jun2011 | | 0 comments | Continued

(FDX) FedEx 2011 Fourth Quarter Earnings Preview

FedEx Corporation (FDX), the world’s second-largest package delivery company, is slated to release its fourth quarter 2011 earnings on June 22, before market opens. The current Zacks Consensus Estimate for the fourth quarter...

22Jun2011 | | 0 comments | Continued

(CHRW) C.H. Robinson Worldwide Earnings Miss by a Penny

C.H. Robinson Worldwide Inc. (CHRW), one of the largest networks of motor carrier capacity in North America reported first quarter 2011 earnings per share of 59 cents, missing the Zacks Consensus Estimate by a penny.  Earning per...

3May2011 | | 0 comments | Continued

(FDX) FedEx Corporation Third Quarter 2011 Earnings Scorecard

FedEx Corporation (FDX), the world’s second-largest package delivery company, reported third quarter 2011 results on March 17. Adjusted earnings of 81 cents per share slipped by a penny but was a nickel above the year-ago earnings....

28Mar2011 | | 0 comments | Continued

(EXPD) Expeditors International of Washington Reports In Line Quarterly Earnings

Expeditors International of Washington Inc. (EXPD), a third-party logistics provider, reported its adjusted fourth quarter earnings of 45 cents per share, in line with the Zacks Consensus Estimate. Earnings per share shot up 41% year...

25Feb2011 | | 0 comments | Continued

(FDX) FedEx Reduces Third Quarter 2011 Earnings Outlook

FedEx Corporation (FDX) lowered its expectation for third quarter 2011 adjusted earnings by 25 cents per share. Severe winter storms and higher fuel prices provoked management to take this drastic step.

The company was compelled...

15Feb2011 | | 0 comments | Continued