Air Freight & Logistics

UPS (NYSE: UPS) today announced that Robert L. “Bob” Lekites, president of UPS Airlines, is retiring after 36 years of service at the global logistics company. Mitch Nichols, vice president of UPS Air Group operations, has been named to replace Lekites.

Jefferies has initiated coverage on Landstar System (NASDAQ: LSTR) with a Hold rating and $45 PT. Unlike C.H. Robinson Worldwide (NASDAQ: CHRW) and Expeditors International (NASDAQ: EXPD), which Jefferies thinks are nearing or have hit positive inflection points, it sees greater near-term...

Jefferies has initiated coverage on UTI Worldwide (NASDAQ: UTIW) with a Hold rating and $23/share PT. The non-asset-based and asset-light logistics names were the great EPS and share price compounders of the 1990s and 2000s among the transport stocks. And while Jefferies thinks that baton has...

Jefferies is initiating coverage of Expeditors International of Washington (NASDAQ: EXPD) with a Hold rating and a $53 price target.

Jefferies is initiating coverage of UPS (NYSE: UPS) with a Buy rating, $89 price target.

Jefferies is initiating coverage of CH Robinson Worldwide (NASDAQ: CHRW) with a Hold rating and an $86 price target.

Jefferies is initiating coverage of FedEx Corp. (NYSE: FDX) with a Buy rating, $112 price target.

Jefferies is Initiating Coverage of UTi Worldwide Inc. (NASDAQ: UTIW) with a Hold Rating, $23/share target price.

Pacer International, Inc. (NASDAQ: PACR) announced the appointment of Daniel L. Gardner as chief executive officer of its international business unit which includes Ocean World Lines, the non-vessel operating common carrier, and RF International, the freight forwarding and customs house brokerage...

JP Morgan has downgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Overweight to Neutral and maintains its $86 price target.

Pacer International, Inc. (Nasdaq: PACR), a leading North American freight transportation and global logistics services provider, has successfully entered into a new financing arrangement with Bank of America and Wells Fargo, with Bank of America, N.A., as administrative agent and Wells Fargo...

Special Olympics Georgia received a $80,000 grant from The UPS Foundation, the charitable arm of UPS (NYSE: UPS). The grant will be used for the five state competitions hosted for children and adult athletes with intellectual disabilities across the state as well as the meals venue at the State...

Below are the top large-cap, air delivery & freight service stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at United Parcel Service Inc (NYSE: UPS) is 40.49%. UPS' PEG ratio is 1.60. The trailing-twelve-month return on equity at C.H....