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Have UPS and FedEx Really Turned the Corner?

It's been an interesting year for package delivery giants UPS (NYSE:UPS) and FedEx (NYSE:FDX). They've gone from being seen as victims of the COVID-19 pandemic to being viewed as among its few long-term beneficiaries, and their stocks have moved accordingly. But have they turned the corner in terms of generating margin expansion alongside volume growth from e-commerce deliveries?
INDUSTRY
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CNBC

FedEx vs UPS: Traders assess which looks best ahead of FedEx earnings

FedEx shares moved higher Monday, a day before its earnings report. The stock, along with main competitor UPS, has rallied so far this year as investors have bet on increased e-commerce business during the coronavirus pandemic. FedEx shares are up 55% in 2020, while UPS has risen 37%. UPS was up nearly up 1% on Monday.
ECONOMY
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TRENDING TOPICS

UPS says it plans to hire more than 100,000 holiday workers

United Parcel Service said Wednesday it plans to hire more than 100,000 extra workers to help handle an increase in packages during the holiday season. UPS said Wednesday that it expects a record peak season. Online shopping has been growing for years, and the pandemic has given it an extra boost as some shoppers avoid going to stores.
INDUSTRY
FOXBusiness

UPS to hire more than 100,000 seasonal workers for holiday season

UPS announced Wednesday it plans to hire more than 100,000 seasonal employees as it gears up for a "record peak holiday season." The company is filling full- and part-time seasonal positions, which include package handlers, drivers, driver-helpers and personal vehicle drivers, UPS said. "We’re preparing for a record peak holiday...
ECONOMY
nbc15.com

Hobby Lobby ups minimum wage to $17/hour

OKLAHOMA CITY (WMTV) - A nationwide retail chain that was already paying its lowest-paid full-time employees more than twice the minimum wage plans to give them all raises. Starting next month, Hobby Lobby will increase its minimum wage for full-time employees to $17 an hour. That’s up from the $15/hour the company previous been paying.
RETAIL
pymnts.com

eBay Expands UPS Integration

After publicly expressing frustration with the United States Postal Service (USPS), eBay has announced the expansion of its partnership with additional shipping options for the company’s buyers and sellers. The key addition is the use of UPS as a preferred shipping method – or as eBay calls it, an “integrated service.” UPS will be added to eBay Labels, available in both desktop and mobile.
BEAUTY & FASHION

UPS: New CEO, New Strategy To Deliver Sustainable Alpha

UPS reported a big 'beat' in Q2, and the stock has soared. I continue to find the stock attractive, with significant upside as my base case. The reason is that I expect the new CEO, who helped lead HD to new heights post-Great Recession, to successfully implement a similar strategy at UPS.
BUSINESS
floridaphoenix.com

FL Supreme Court ups pressure on DeSantis to name a replacement justice after he misses deadline

Update: The governor has scheduled a news conference for 5 p.m. E.T. in the state Capitol. No subject matter mentioned. After Gov. Ron DeSantis blew through a noon deadline for naming a replacement to Renatha Francis for a vacancy on the Florida Supreme Court, the justices issued a formal writ giving the governor until 5 p.m. to reply or risk contempt sanctions.
CONGRESS & COURTS
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