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UPS News

UPS Is Oversold, Despite Teamsters, Amazon Concerns, Stifel Says In Upgrade – Benzinga

The Analyst

Stifel’s David Ross upgraded UPS’ stock rating from Hold to Buy with a price target lowered from $127 to $121.

The Thesis
Investors have valid reasons to look at UPS’ capital expenditure guidance and say “there goes my cash!” Ross said in a Tuesday note.

“And that’s true — there should not be too much excess cash above the amount needed to cover the dividend [over] the next couple of years,” the analyst said. “But just as the stock was too high at $132, we believe it’s now too low [at] $106 and will gravitate back up to the middle of that range this year.”

UPS investors have concerns with the Teamsters contract that expires at the end of July, but Stifel believes an agreement will be reached, avoiding a strike, the analyst said.

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UPS Press Release

UPS Names Jim Barber Chief Operating Officer, Appoints Nando Cesarone President, International

UPS (NYSE:UPS) Chairman and Chief Executive Officer David Abney today announced the appointment of Jim Barber as Chief Operating Officer. As UPS COO, Barber will assume responsibility for the company’s global small package, freight, supply chain and freight forwarding units and engineering.

Further, Nando Cesarone is named International President, replacing Barber and joining UPS’s Management Committee, the company’s senior leadership group.

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UPS News

Have a look: UPS is updating the cockpits of most of its aircraft – Louisville Business First

The company, which bases its UPS Airlines division in Louisville, has two projects in the works. The first replaces dials and monitors (cathode ray tube, or CRT, monitors —think of old tube TVs) in Boeing 757 and 767 aircraft with larger flat-panel display systems. The second project, which is further off, includes a bevy of aircraft upgrades to the company’s Airbus A300 fleet. Both projects aim to enhance the efficiency and safety of the planes while extending the life of the fleet.

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Industry News

EXCLUSIVE: FedEx’s secret deal with the NRA and the gun industry – Think Progress

While publicly trying to distance itself from the NRA, FedEx has made a secret agreement with the association and other major players in the firearms industry.

In a stark contrast with FedEx’s recent attempts to distance itself from the gun lobby, the internal company document obtained by ThinkProgress outlines in great detail precisely how FedEx has secretly agreed to bend its own rules on gun shipments for powerful forces in the gun industry, including all major gun manufacturers and the NRA itself.

The document, labeled “Confidential information. Internal use only,” was provided to ThinkProgress by a FedEx employee, who asked to remain anonymous due to concern that disclosing the document would cause the source to be terminated.

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UPS Press Release

The UPS Store, Marken Team Up For Drop-Off Service For Clinical Trial Samples In U.S.


The UPS Store and Marken announced today the launch of a new option that will allow nurses to drop off clinical trial samples at approximately 4,600 The UPS Store® locations within the United States. This expanded service is a direct result of the exponential growth of home-based clinical trials in the past few years. The UPS Store and Marken are subsidiaries of UPS (NYSE: UPS), and are proud to be able to provide patients and nurses greater flexibility and convenience for home care.

This new option complements the diverse portfolio of Corporate Retail Solution programs available through The UPS Store. These custom solutions can leverage the physical footprint of The UPS Store locations to help improve a client’s operations and enhance their customer service experience.