NEW YORK, October 27, 2016 /PRNewswire/ --
The Air Delivery and Freight Services space provides air freight transportation, courier, and logistics services, including package and mail delivery and customs agents. Two of the industry's major demand drivers are online consumer spending and business transactions. This morning, Stock-Callers.com evaluates the most recent performances of United Parcel Service Inc. (NYSE: UPS), FedEx Corp. (NYSE: FDX), CH Robinson Worldwide Inc. (NASDAQ: CHRW), and Expeditors International of Washington Inc. (NASDAQ: EXPD). Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
United Parcel Service
On Wednesday, shares in Atlanta, Georgia headquartered United Parcel Service Inc. recorded a trading volume of 3.31 million shares, which was above their three months average volume of 2.25 million shares. The stock ended the day at $108.61, climbing 0.71%. The Company's shares have gained 0.60% over the previous three months and 15.45% on an YTD basis. The stock is trading above its 200-day moving average by 5.07%. Furthermore, shares of United Parcel Service, which provides transportation, logistics, and financial services in the US and internationally, have a Relative Strength Index (RSI) of 50.92.
On October 17th, 2016, UPS announced that it will report its Q3 2016 results on October 27th, 2016, at approximately 7:45 a.m. ET. At 8:30 a.m. ET, UPS Chairman and Chief Executive Officer, David Abney, and Chief Financial Officer, Richard Peretz, will lead an investor conference call. UPS complete research report is just a click away at: http://stock-callers.com/registration/?symbol=UPS
Memphis, Tennessee-based FedEx Corp.'s stock finished yesterday's session 0.97% higher at $173.59. A total volume of 1.77 million shares was traded, which was above their three months average volume of 1.36 million shares. The Company's shares have gained 7.78% over the previous three months and 17.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.91% and 10.83%, respectively. Furthermore, shares of FedEx, which provides transportation, e-commerce, and business services in the US and internationally, have an RSI of 59.27.
On October 25th, 2016, GENCO, a FedEx Company, announced an expansion of its network with the introduction of a multi-tenant warehousing solution, continuing to meet the evolving needs of healthcare customers in the U.S. and Canada. Currently available in the U.S. and Canada, this solution allows multiple manufacturers to operate alongside each other in one warehouse, while utilizing a designated space equipped with a shared technology platform. Particularly valuable for healthcare manufacturers, the multi-tenant approach helps manage regulatory compliance and alleviates fixed operating costs. The complimentary report on FDX can be downloaded at: http://stock-callers.com/registration/?symbol=FDX
CH Robinson Worldwide
At the closing bell on Wednesday, shares in Eden Prairie, Minnesota headquartered CH Robinson Worldwide Inc. saw a decline of 3.07%, ending the day at $67.30. The stock recorded a trading volume of 4.50 million shares, which was higher than its three months average volume of 1.33 million shares. The Company's shares have advanced 10.49% since the start of this year. The stock is trading 2.98% below its 50-day moving average. Moreover, shares of CH Robinson Worldwide, which provides freight transportation services and logistics solutions to companies in various industries worldwide, have an RSI of 31.83.
On October 25th, 2016, CH Robinson reported net income of $129.03 million, or $0.90 per diluted share, for Q3 2016 which was lower compared to net income of $139.43 million, or $0.96 per diluted share, for Q3 2015. The company stated that its truckload net revenues decreased 10.4% in Q3 2016 compared to Q3 2015. And its total truckload volumes increased approximately 7.5% in Q3 2016 compared to Q3 2015. CH Robinson's intermodal net revenues decreased 24.5% in Q3 2016 compared to Q3 2015, while its ocean transportation net revenues dropped 3.1% in Q3 2016 compared to Q3 2015.
On October 26th, 2016, research firm Stifel reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $81 a share to $73 a share. Sign up for your complimentary report on CHRW at: http://stock-callers.com/registration/?symbol=CHRW
Expeditors International of Washington
Seattle, Washington headquartered Expeditors International of Washington Inc.'s stock ended the day 0.24% higher at $50.48. A total volume of 1.62 million shares was traded, which was above their three months average volume of 1.03 million shares. The Company's shares have gained 0.66% over the previous three months and 12.85% on an YTD basis. The stock is trading 3.98% above its 200-day moving average. Additionally, shares of the company, which provides logistics services, have an RSI of 46.73. Download the research report for free on EXPD at: http://stock-callers.com/registration/?symbol=EXPD
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