Air Freight & Logistics

United Parcel Service Inc (NYSE: UPS) reported a 26% rise in its second-quarter profit. UPS reported its quarterly profit at $1.06 billion, or $1.07 per share, up from $845 million, or $0.84 per share, in the year-ago period. Its total revenue climbed 8.1% to $13.2 billion. Excluding items, UPS...

Bank of America reiterated its Buy rating on FedEx (NYSE: FDX). At the same time, the rating agency left its price target on the company's stock unchanged at $115. On Monday, FDX lost 0.98% of its value to finish the day at $91.88. Its shares rebounded in today's pre-market trading, rising 0.12% to...

US stock futures are flat this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 1 point to 12,551.00 and S&P 500 index futures fell 0.50 points to 1,333.00. Nasdaq 100 futures dropped 0.25 points to 2,423.25. US stocks...

Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...

The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...

Dahlman Rose lowered its Air Transport Services (NASDAQ: ATSG) price target from $12 to $7 and reiterated its Air Transport Services Buy rating in a research report published today. In the report, Dahlman Rose states, "This morning DB Schenker announced a restructuring of its North American...

Air Transport Services Group, Inc. (NASDAQ: ATSG) today released the following statement attributable to Joe Hete, President and Chief Executive Officer of ATSG: “We have been advised by our second-largest customer, DB Schenker, concerning its plans to adopt a new operating model that phases out...

United Parcel Service (NYSE: UPS) unveils its next round of earnings this Tuesday, July 26, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's second quarter earnings announcement. Earnings and Revenue: Analysts are looking ahead to a positive EPS reading of $1.04 per share...

C.H. Robinson Worldwide (NASDAQ: CHRW) releases its next round of earnings this Tuesday, July 26, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are...

Clark Holdings (NYSE: GLA) today announced that it had extended its engagement of AlixPartners, LLP as strategic advisors to the company. The original engagement of AlixPartners, which expired on June 30, 2011, has been extended through July 31, 2011, with an option to extend to September 30, 2011...

J.P. Morgan Chase & Co. is out with a research report on UPS (NYSE: UPS) previewing earnings from the company. It has an Overweight rating and a $90 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "Freight demand data in 2Q11 have generally been soft which...

Shares of Expeditors International of Washington (NASDAQ: EXPD) are lower on the session by 1.37%, trading at $49.20. Overall put volume is now running at 2.18x the daily average, with 47% of all puts traded being purchases on the offer. 1,116 contracts have traded on the session so far....

Piper Jaffray provided color on the freight sector. In a research report published today, Piper Jaffray named his top picks in the sector. In the report, Piper Jaffray states, “We recommend investors looking to play Transports in this current economic environment own shares of FDX, HUBG, JBHT, UPS...

Below are the top air delivery & freight services stocks on the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at C.H. Robinson Worldwide Inc (NASDAQ: CHRW) is 34.93%. CHRW's revenue for the same period is $9.57 billion. The trailing-twelve-month return on...

According to J.P. Morgan, Expeditors (NASDAQ: EXPD) price target is lowered to $58.00 from $61.00. J.P. Morgan said that data on international airfreight and ocean growth trends indicate that volume growth for EXPD has probably been weaker than it had forecast at the beginning of May. “We are...