Trucking Industry Shows Resilience

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 18, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Trucking Industry Shows Resilience - Zacks

    We have a buy on United Parcel Service, Inc. (UPS). Based in Atlanta and incorporated in 1907, United Parcel Service is the world's largest express carrier and package delivery company. The company also provides specialized transportation and logistics services. Superior operating efficiency, balance sheet strength, and ROE justify a premium valuation to the peer group.

    Moreover, the board of directors increased the company’s share repurchase authority to $10 billion in January 2008 from $2 billion in October 2007, of which the company estimates that it will repurchase roughly $5 billion in 2008 and the remaining $5 billion in 2009. UPS just increased its quarterly dividend in January 2008 to $0.45 per share from $0.42 per share Therefore, we expect valuation to expand from currents levels.