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Deutsche Bank Discusses UPS' Freight Rate Increase (UPS)
Monday, October 4, 2010 - 7:46am | 140Deutsche Bank discusses United Parcel Service, Inc. (NYSE: UPS) decision to increase freight rate charges by 5.9%. It has a Buy rating, and a $78 price target on shares. In the research report, Deutsche Bank writes, "...UPS announced a 5.9% general rate increase (GRI) covering non-contractual...
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UPS Raising Shipping Rates
Friday, October 1, 2010 - 4:39pm | 133UPS Freight (NYSE: UPS), the nation's fourth-largest Less-Than-Truckload (LTL) carrier, today announced a general rate increase averaging 5.9 percent covering non-contractual shipments in the United States, Canada and Mexico. The rate adjustment takes effect on Oct. 18, 2010, and applies to minimum...
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UTI Worldwide Inc. Chairman Sells 30,000 Shares of UTIW
Friday, October 1, 2010 - 4:26pm | 54In a Form 4 filed earlier today, UIT Worldwide Inc. (NASDAQ: UTIW) Chairman of the Board, Roger Macfarlane, reported that he sold 30,000 shares of UTIW on September 29th for an average price of $15.86. The transaction totaled $475,806. Mr. Macfarlane owns 2,413,836 direct shares of UTIW. Source:...
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FedEx Investor & Lenders Preview
Friday, October 1, 2010 - 8:29am | 102FedEx Corporation. (NYSE: FDX) Investor & Lenders Meeting today looks like it will be a positive catalyst for shares. In a research report Deutsche Bank writes, "We expect FDX to highlight recent improvement in yields across its business segments, elaborate on its new single-network LTL...
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Earnings Scorecard: FedEx - Analyst Blog
Thursday, September 30, 2010 - 2:24pm | 1092FedEx Corporation (FDX), the world's second-largest package delivery company, reported first quarter fiscal 2011 results on September 16, 2010. FedEx earnings missed the Zacks Consensus Estimate by a penny. The company's second quarter and fiscal year 2011 outlook were also disappointing. ...
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Dahlman Rose Price Target On Air Transport Services Group (ATSG)
Thursday, September 30, 2010 - 10:59am | 147Dahlman Rose & Co. analyst Helane Becker is raising her price target on shares of Air Transport Services Group Inc. (NASDAQ: ATSG) to $8 from $6.70, as it believes ATSG's aircraft and customer diversification have enabled it to transform its business. It has a Buy rating on shares. In the...
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Outlook Is Bright For FedEx
Thursday, September 30, 2010 - 10:53am | 113Deutsche Bank came impressed with FedEx Corporation (NYSE: FDX) after Investor Meetings. In the research note, Deutsche Bank writes, "We came away from FDX's investor meetings with increased conviction in our long-term bullish thesis. The stock remains one of our favorite transport stocks given a...
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Greater Margins For FedEx Expected Through 2011/2012
Thursday, September 30, 2010 - 8:08am | 131Piper Jaffray attended FedEx Corporation's (NYSE: FDX) Investors and Lenders meeting, and walked away feeling that the company's trajectory earning potential is greater than Consensus EPS estimates suggests. In the research report, Piper Jaffray writes "Management reiterated +10% longer term...
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FedEx's CEO Bullish on 2011
Wednesday, September 29, 2010 - 3:39pm | 144Bloomberg is reporting this afternoon that Fred Smith, the CEO of FedEx Corp. (NYSE: FDX) is bullish on its business out look for 2011 and 2012. Mr. Smith cited package unit volumes in China, India and Brazil as leading indicators that a recovery in the express-shipping industry is under way. “As...
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Sozzi Says Fedex Price Increases Not Good For Online Retailers (FDX)
Wednesday, September 29, 2010 - 3:13pm | 138Wall Street Strategies equity analyst Brian Sozzi tweeted that the recent price increase by FedEx (NYSE: FDX) will hurt online retailers such as Amazon.com (NASDAQ: AMZN) and Overstock (NASDAQ: OSTK). Earlier this morning, Fedex announced it will raise shipping rates for FedEx Express by an average...
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Air T, Inc. Announces Award of New Contract
Wednesday, September 29, 2010 - 12:41pm | 121Air T, Inc. (Nasdaq: AIRT) announced today that its wholly owned subsidiary, Global Ground Support, LLC, has been awarded a contract to supply flight line tow tractors to the United States Air Force. Global is in receipt of the delivery order for the first pre-production unit which will be tested...
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NASDAQ Stocks Hitting 52-Week Highs (FMCN, DLTR, ATSG, MDSO)
Wednesday, September 29, 2010 - 11:22am | 147Focus Media Holding Limited (NASDAQ: FMCN) shares jumped 1.32% to create a new 52-week high of $23.86. FMCN announced its plans to buyback 9.5 million American Depository Shares at $21 per ADS. Dollar Tree Inc (NASDAQ: DLTR) shares gained 0.96% to touch a new 52-week high of $49.62. DLTR's...
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FedEx Analyst Meeting Kicks Off Well
Wednesday, September 29, 2010 - 9:56am | 152FedEx's (NYSE: FDX) analyst meetings kicked off this morning on a positive note. It began with a presentation by one of FedEx's economists, outlining the company view that this recovery is well on track. Sterne Agee concurs with the views of the economist, in that this recovery is on a healthy...
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UPS Aims To Increase China Presence
Tuesday, September 28, 2010 - 1:58am | 189United Parcel Service (NYSE: UPS), one of the world's largest package shipping firms, is looking to set up a domestic service in China, pending approval from the State Post Bureau. The company may submit an application to the Chinese regulator as soon as this week, the Financial Times reported. If...
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FedEx Expands Overnight Service
Friday, September 24, 2010 - 9:47am | 30FedEx (NYSE: FDX) is expanding their Overnight Saturday service, making it easier to get packages on the weekend. FedEx closed at 82.66 yesterday.