Company
United Parcel Service Inc
NYSE:UPS
United Parcel Service Inc is a package delivery company and a provider of global supply chain management solutions. The company's segments include U.S. Domestic Package and International Package. Its U.S. Domestic Package and International Package are together referred to as its global small package operations.
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US stocks end higher after volatile day
At closing, the Dow Jones Industrial Average gained 0.7% at 35,404, while the Nasdaq Composite was up by 0.7% at 14,346 and the S&P by another 0.6% at 4,546
Royal Mail upgraded to ‘hold’ from ‘sell’ by Berenberg on valuation grounds
Berenberg's analysts noted that survey data indicates growth may slow somewhat in 2019 in the European parcel markets but respondents still are planning for around 6% volume growth this year
MIDDAY MOVERS: ServiceNow soars after 4Q profit surprises to the upside; DowDuPont weighs down the Dow industrials
Charter Communications, Visa and United Parcel Service are also seeing intraday action
Investments and investor services
EARLY MOVERS: General Electric shares light up as latest quarterly revenue cheers, but Visa flops
Also in the frame in New York pre-market is United Parcel Service Inc and United States Steel Corp
EARLY MOVERS: Boston Scientific Corp slides before the bell despite earnings beat, while someone in South Carolina is a lot wealthier
Also in focus before the bell was AT&T Inc and delivery giant UPS. Both posted quarterly results.
Hardware & electrical equipment
CryptoCann™ Report: UPS files a blockchain patent for package tracking; Liberty Leaf study shows effects of CBD oil on canine arthritis
UPS filed a patent for a blockchain-based system to keep track of its global shipments
United Parcel Service zips past Wall Street's 2Q estimates thanks to e-commerce surge
Domestic revenue jumped 6.3% to US$10.35bn thanks to rising e-commerce demand
Hardware & electrical equipment
Yojee and UPS extends blockchain collaboration to a broader technology partnership
To develop and improve services and products for the UPS operating environment.
FedEx orders 20 electric Semi trucks from Tesla
Shipping giant could see fuel savings of more than US$200,000 per vehicle
Yojee shares rise on signing blockchain technology deal with UPS Asia
Rising global interest in applying blockchain technologies to the freight and logistics industry.
UPS suing EU anti-trust watchdog for US$2.15bn over court-annulled decision to block TNT Express merger
The European Commission formally blocked the planned US$7bn UPS-TNT deal in January 2013 over competition concerns but the move was overturned by an EU court last year on the basis of procedural missteps by the regulator
US stocks close higher on a late rally after the Federal Reserve calms concerns over interest rate hikes
The Federal Reserve sees economic growth to remain steady with no serious risks of a pause to its planned pace of rate hikes
Investments and investor services
Volatile day ends with blue-chips on the up (but down on the week)
In the time it takes to read this report, the market will likely have changed direction again
Amazon to launch business delivery service to rival FedEx and UPS
FedEx and UPS shares fell sharply on news it faces a threat from Amazon