Beacon Equity Research announces the release of Trade Alerts covering air delivery and freight service stocks: FedEx Corp. (NYSE: FDX), United Parcel Service Inc. (NYSE: UPS), C.H. Robinson Worldwide Inc. (Nasdaq: CHRW), UT Worldwide Inc. (Nasdaq: UTIW), Expeditors International of Washington Inc. (Nasdaq: EXPD) and Pacer International Inc. (Nasdaq: PACR).
In the Trade Alert, the author highlights FedEx’s disappointment of the House vote approving the Federal Aviation Administration (FAA) Reauthorization Act:
“FedEx Corp. (FDX) shares rose 2.27% to $41.07 in today’s early trading. FedEx provides transportation, e-commerce and business services in the United States and internationally. … The U.S. House Transportation and Infrastructure Committee recently approved the Federal Aviation Administration (FAA) Reauthorization Act that facilitates unions like the International Brotherhood of Teamsters to organize FedEx employees. The act now goes to the House floor, taking away provisions that made it difficult for FedEx drivers to join local unions. It now changes the jurisdiction of how some employees can be organized - from national to local bargaining units. … On its part, FedEx recently expressed it is ‘deeply disappointed’ that the committee ‘voted to approve anti-competitive legislation that unfairly benefits one company - the much-larger UPS. We strongly urge the House to reject this legislation before the inherent economic damage threatened by vote becomes a reality.’”
The Trade Alert author also featured UPS’ announcing accelerated transit times for large sections of Wisconsin and Michigan:
“United Parcel Service Inc. (UPS) shares climbed 1.41% to $45.36 this morning. UPS, a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. … In its continuing drive to improve service, UPS Freight, the heavy freight arm of UPS, recently announced accelerated transit times for large sections of Wisconsin and Michigan. Its enhancements include next-day service between new direct points in Wisconsin and Michigan linking Chicago, Minneapolis and Milwaukee. … As in previous enhancements, the company said the new transit times will be covered by UPS Freight’s time-definite guaranteed service for all shipments moving under the current 560 Tariff. This allows UPS Freight’s LTL customers to manage, track and process their shipments through UPS WorldShip and Quantum View Manage technology.”
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