Air Freight & Logistics

The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...

Senator Harry Reid's (D-NV) plan that came out earlier this week was SUPPOSED to cut the deficit by $2.7 trillion over the next decade. Well results are back from the Congressional Budget Office. Turns out that Reid is lying, and his cuts are nowhere near what he claims. The CBO says that the...

Credit Suisse is out with a Neutral rating and a $88 price target on UPS Inc. (NYSE: UPS) after it reported earnings yesterday. In a note to clients, Credit Suisse writes, "Slight Beat Relative to Consensus: UPS' adjusted EPS were $1.05/shr in the second quarter, slightly beating consensus ($1.04...

Deutsche Bank has published a report on United Parcel Service (NYSE: UPS) commenting on the shipper's strategy. In the report, Deutsche Bank wrote, "While we were admittedly disappointed with UPS' lackluster H2 outlook, we believed UPS shares were cheap two days ago and were placed in the bargain...

According to Piper Jaffray, United Parcel Service (NYSE: UPS) Overweight rating is reiterated. Piper Jaffray said that yesterday before the market UPS reported 2Q11 continuing EPS of $1.05 (+24.1% y-o-y) above Consensus $1.04 but below the $1.07 estimate. “While our 2H11 EPS have been revised down...

J.P. Morgan, citing a 2Q miss form the company, is lowering its price target from $86 to $78 but is maintaining its Neutral rating on C.H Robinson Worldwide (NASDAQ: CHRW). Says J.P. Morgan, in its report, “CHRW's 2Q EPS was modestly below Consensus and significantly weaker than our high end...

JP Morgan reiterated its Overweight rating on UPS (NYSE: UPS). At the same time, the rating agency reduced its price target on the company's stock from $90 to $88. On Tuesday, UPS lost 3.32% of its value to end the day at $71.59.

Piper Jaffray has raised the price target on United Parcel Service (NYSE: UPS) from $91 to $93 and maintains its Overweight rating.

JP Morgan has lowered the price target on CH Robinson Worldwide (NASDAQ: CHRW) from $86 to $78 and maintains its Neutral rating.

JP Morgan has lowered the price target United Parcel Service (NYSE: UPS) from $90 to $88 and maintains its Overweight rating.

Dahlman Rose provided color on UPS (NYSE: UPS) in a research report published today. Dahlman Rose has previously given UPS a Hold rating. In the report, Dahlman Rose states, "Although we believe the stock has upside from current levels, it is only enough to support a Hold rating. We must admit,...

Three words: biometric fingerprint security. That's all you need to know. Among the eBays (NASDAQ: EBAY) and Amazons (NASDAQ: AMZN) of the world, consumers will find a wide variety of sites that allow them to buy items at a discount and/or sell them at a fair value. Some even provide individuals...

This morning, the major stock indexes are coming under some early selling pressure. While all of the leading sectors are under pressure it is the highly followed iShares Dow Jones Transportation Index (NYSE: IYT) that is trading lower by 1.87 percent. The transport index is very important to many...

UPS Inc. (NYSE: UPS) reported earnings this morning that beat Wall Street estimates, but the conference call has been pretty bleak so far, saying the U.S. economy is slowing down in the third quarter, and the debt crisis in Washington is weighing on mindsets. The Atlanta-based company reported...

Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....