Expeditors International of Washington Inc

FedEx continues to see growth in the global economy. It expects the US GDP to grow by 2.4% in 2015 and by 2.6% in 2016, driven by increased consumer spending.

ValueAct Capital initiated a new position in Symantec Corp. (SYMC) that accounts for 1.14% of the fund’s first quarter portfolio.

UPS’s Domestic Package segment provides an array of guaranteed ground and air package transportation services, depending on the customer’s need.

Effective January 2015, FedEx changed its pricing policy for all of its FedEx Ground packages less than 3 cubic feet to a “dimensional weight pricing” mechanism.

FedEx Ground is being driven by the booming growth in e-commerce, and it contributed to 35% of the company’s revenues but 44% of its profits.

The economic upturn since 2009 has improved growth prospects for the courier companies. This coupled with improving industry margins has led to improving industry valuations.

ValueAct Capital initiated a new position in Expeditors International of Washington Inc. (EXPD) that accounts for 0.65% of the fund’s first quarter portfolio.

Of the 28 analysts rating FedEx stock, 57.1% (16 analysts) have a “buy” rating, 42.9% (12 analysts) have a “hold” rating, and no analysts have a “sell” rating.

Earlier this year, FedEx (FDX) declared its offer to purchase TNT Express for an all-cash offer of $4.8 billion. It wants to gain better market share.

UPS’s forward PE ratio stands at 17.1x compared to its current PE ratio of 22.3. Analysts are expecting UPS’s earnings to grow in the next four quarters.

Revenue drivers There are three main drivers of revenue growth for United Parcel Service (UPS): package volumes, product mix and pricing, and fuel surcharges. Package volumes and product mix and pricing are in turn driven by economic growth.   Economic growth Increasing economic growth increases e-commerce demand, which in turn increases demand for courier services. […]

Investor sentiment in the US was dampened by the weak April jobs report that was released May 6. The non-farm private payroll gained 169,000 jobs against median expectations of 200,000.

FedEx (FDX) has fallen significantly over the last year, and the trend is likely to continue for the stock as its fiscal 2020 earnings outlook fell short of analysts’ expectations. As of its June 25 closing price of $155.98, the stock has lost 33.5% of its value in the past year.

FedEx announced yesterday that it had appointed Don Colleran to be president and CEO of its Express division.

Shares of FedEx fell 2.5% on February 15 after the company revealed that its president and COO, David Bronczek, had decided to step down.

On September 20, Ryder System announced the opening of a new full-service maintenance facility in Reading, Pennsylvania.

In August, Genesee & Wyoming’s (GWR) rail traffic in Europe reported a 1.8% year-over-year decline.

C.H. Robinson Worldwide (CHRW) declared a quarterly cash dividend of $0.46 per share on August 9, maintaining its 25-year payout streak.

Of the 14 analysts covering EXPD stock, ten of them have recommended a “hold,” and one has recommended a “buy.”

Expeditors International of Washington (EXPD) beat analysts’ adjusted EPS estimate of $0.78 by $0.01 for the second quarter.

Expeditors International of Washington (EXPD) reported its Q2 earnings on August 7. Adjusted EPS was $0.79, beating the $0.78 estimate.

Currently, 20 analysts are covering XPO stock. Four (20%) of them are bullish and have rated it a “strong buy.”

J.B. Hunt Transport Services’ (JBHT) ICS (Integrated Capacity Solutions) segment reported blockbuster growth in the second quarter.

C.H. Robinson Worldwide (CHRW) is the largest third-party logistics provider in the world.

C.H. Robinson Worldwide (CHRW) went public in 1997. Soon after, the company went on an acquisition spree to further its business interests in new geographies.

The United States’ premier road transportation (JBHT) company, Expeditors International of Washington (EXPD), announced its 1Q18 earnings today.

Analysts polled by Thomson Reuters estimate that C.H. Robinson Worldwide (CHRW) will report revenues of $3.8 billion in 1Q18.

While EXPD’s revenues grew 13.4% in 2Q17, its operating expenses rose 16%.

In 2Q17, EXPD’s Airfreight revenues rose 15.4% to $671.8 million from $582.1 million in 2Q16.

Expeditors International of Washington (EXPD) announced its 2Q17 earnings on August 8. The logistics company’s adjusted earnings per share fell 5% to $0.63 in 2Q17 compared with $0.63 in 2Q16.

On June 20, 2017, parcel delivery and logistics giant FedEx (FDX) announced its fiscal 4Q17 results. The company reported adjusted EPS (earnings per share) of $4.25.

In NAV (net asset value) terms, in the one-year period ending January 2016, the Parnassus Asia Fund (PAFSX) was the worst-performing fund among our nine.

For fiscal 2Q16, FedEx’s Express segment reported revenues of $6.59 billion as compared to $7.02 billion in fiscal 2Q15, which was a 6% year-over-year decline.

The US economy contributes about 25.2% towards global GDP. In 3Q15, the US economy grew at an annualized rate of 2.1% due to an increase in consumer spending.

The US manufacturing PMI fell to 52.8 in November, a decline of 1.3 points from October’s reading of 54.1. This is one of the weakest readings since October 2013.

Although the global climate remains challenging, manufacturing is still poised to grow strongly with October increases in new orders and production.

In a recent move, FedEx placed a firm order for 50 Boeing 767 airplanes with an option for up to 50 more to follow. They will be delivered up to 2023.

United Parcel Services (UPS) announced its agreement to acquire Coyote Logistics. It’s a Chicago-based logistics firm with contract carrier companies.

Over the past few years, the global courier services industry has managed to recover from the global economic slowdown.

The e-commerce industry is poised to grow rapidly in the future. With this growth will come the need for package delivery.

Some of UPS’s key strengths that keep it ahead of its competitors include an integrated global network, leading-edge technology, a strong brand name, a strong culture, and impressive financials.

The growth in e-commerce among various economies across the globe has helped shape the highly competitive courier service industry that we know today.

United Parcel Service is the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services. It forms the largest holding of 7.6% in IYT.

United Parcel Service (UPS), originally called American Messenger Company, was founded in 1907 by 19-year-old James E. Casey with $100 borrowed from a friend.

FedEx was formed with a vision to change the way delivery services worked prior to 1971. It established a new industry and it has been leading its peers since then.

FedEx has been in the marketplace for over 40 years. It has established a huge network spread across more than 220 countries and territories worldwide.

Another long-term financial goal for FedEx (FDX) when it launched a $1.7 billion profitability improvement effort was to improve margins.

FedEx’s (FDX) financial performance during the last few years has been extraordinary. It successfully bounced back from the recessionary downturn.

By 1983, FedEx (FDX) had become the strongest delivery business in the nation. It started a string of acquisitions in order to grow more.

FedEx has assembled a portfolio of solutions, from express and freight forwarding to critical inventory logistics, that can solve any global commerce challenge.

The idea behind FedEx (FDX) started off as a term paper by undergraduate Frederick W. Smith in 1965 at Yale University. The company started operations in 1973.

Currently, FedEx is the global leader in the express delivery market. It offers delivery to and from individuals and businesses. It has various business units.

ValueAct Capital trimmed its position in Micros Systems Inc. (MCRS) from 3.18% in 4Q 2013 to 0.91% last quarter. The 7.5% stake in Micros Systems was disclosed in March 2013.