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?
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.
10 huge companies, from Amazon to UPS to Home Depot, that are each looking to hire at least 20,000 people
Instacart is looking for 300,000 shoppers, according to Linkedin. The good news: Since the start of the pandemic, Instacart's grocery delivery service has seen record demand, as options like "leave at my door delivery" cater to customers looking to decrease COVID-19 risk. In the news: Instacart shoppers have also gone...
MACON, Ga. — A Central Georgia girl is running her own business making beaded jewelry for people across the United States. She recently made friends with a local UPS driver that keeps her business thriving. "Since I was three, I did something with baby beads," Kinsley Teal said. Ever since...
Labor Day 2020: What’s open, what’s closed on Monday? Banks, UPS, mail delivery, stores, restaurants
Labor Day 2020 is Monday, Sept. 7. It’s an American holiday that pays tribute to workers in the U.S. and is traditionally observed on the first Monday in September. Labor Day became a federal holiday in 1894 and was created by the labor movement in the late 19th century. Labor...
UPS chief Carol Tome's first 100 days dominated by pandemic surge and preparations for vaccine shipping
Carol Tome has led UPS through a pandemic-fueled surge, what may turn out to be the shortest recession in history and the corporate and social aftermath of the George Floyd killing. Tome, CEO since June, told CNBC that preparing for vaccine distribution and her first holiday peak shipping season top...
The United Parcel Service Inc., more commonly known as UPS, plans to put significantly higher fees on larger shipments during the holiday season to help offset the tidal wave of online orders that have resulted from the COVID-19 pandemic, according to an Aug. 20 update. UPS plans to impose fees...
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.
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...
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.
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.
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.
It took just four hours to make a Boeing 727 cargo jet ready for rows of chartered seats. Did you know there was a time where you could send yourself via UPS and not have to worry about breaking the law, or even finding an appropriately sized box? The only downside is, someone would need to charter the plane.
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.