Latest news with #UPS
CBS News
a day ago
- CBS News
Man killed after ATV goes down embankment in Armstrong County
A 60-year-old man was killed after his ATV went over an embankment in Armstrong County. The Armstrong County Coroner's Office said in a news release on Tuesday that Michael McGuire died in the crash in Madison Township. Officials said he was fatally injured after his Yamaha Grizzly four-wheeler went down an embankment, rolled and ended up in a ditch. According to the news release, the 60-year-old man from Sarver, Butler County, was last seen on July 18, and his body was found on Monday, when he was pronounced dead at the scene at around 10:30 a.m. The crash, which is under investigation, happened approximately 600 yards from McGuire's camp. Officials said he was not wearing a helmet, and an autopsy will not be performed. According to his obituary, McGuire was a retired UPS driver. He was a member of the Rimersburg Rod & Gun Club who "enjoyed going to camp, shooting competitions, hunting, taxidermy, and being outdoors," his obituary said. McGuire was a graduate of Freeport High School and loved spending time with his family. "His legacy lives on in the lessons he passed down: respect for the land, love for family, and belief in God," his obituary said. He is survived by his wife Gina, daughter Meggan and sons Jacob and Isaac. The Armstrong County Coroner's Office was assisted at the scene by Pennsylvania State Police troopers from the Kittanning barracks, the Distant Area Volunteer Fire Department, the Rimersburg Volunteer Fire Department and the Pine Township-Templeton Volunteer Fire Department.
CNBC
a day ago
- Business
- CNBC
Cramer's Lightning Round: Don't buy UPS
UPS: "UPS is a real quandary. I love that yield, but I do think that the fundamentals are still hurting. I'm going to have to take a pass on that one [Don't buy! Don't buy! Don't buy! Don't buy!]." SoundHound AI: "...I would be a little careful." Modine: "Modine's got a lot of good things going...I think Dover is a better play for you than Modine." Entergy: "ETR's had such a run, I know it can go higher...I'm going to say right here [don't buy! don't buy]." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Dover.
Globe and Mail
a day ago
- Business
- Globe and Mail
Buy, Hold or Sell UPS Stock? Key Tips Ahead of Q2 Earnings
United Parcel Service UPS is scheduled to report its second-quarter 2025 results on Tuesday, July 29, 2025. The Zacks Consensus Estimate for the June-quarter earnings is pegged at $1.56 per share, implying a 12.9% decrease from the year-ago quarter's reported number. The estimate has been revised downward by a cent over the past 60 days. The Zacks Consensus Estimate for revenues is pegged at $20.85 billion, indicating a decline of 4.4% from the year-ago quarter's actuals. UPS has an impressive earnings surprise history, as reflected in the chart below. Given this backdrop, let's examine the factors likely to influence UPS' Q2 results Shipping volumes at UPS are likely to have been hurt by geopolitical uncertainties and high inflation. Uncertainty over tariffs, supply chain instability, and other broader macroeconomic headwinds are likely to hurt results. We believe that more than the financial numbers, it is the guidance that investors will more closely watch. Labor costs are likely to have been high, hurting United Parcel Service's bottom-line performance in the June quarter. Faced with these headwinds, the company is focusing on cutting costs. As part of this exercise, UPS is offering buyouts to delivery drivers for the first time in its 117-year history. UPS' full-time drivers are eligible for this offer. We expect an update on the same on the conference call. The company reportedly aims to trim its workforce by 20,000 this year, representing approximately 4% of the global workforce and shut 73 facilities to streamline operations and lower labor costs. Apart from the tariff-induced economic uncertainties, UPS' decision to reduce business with its largest customer, Amazon AMZN, contributed to the decision to trim the workforce. UPS management has reached an agreement in principle with Amazon to lower the latter's volume by more than 50% by June 2026. According to Carol Tome, UPS' chief executive officer, Amazon was not its most profitable customer. Low fuel costs are expected to have aided UPS' bottom-line performance in the June-end quarter. We expect expenses on fuel to decrease 10.3% from second-quarter 2024 actuals. Crude oil has been struggling in 2025, with prices sliding to multi-month lows. Tariff concerns, weakening consumer confidence and production increase by OPEC+ have all contributed to this downward pressure. Q2 Earnings Whispers for UPS Our proven model does not conclusively predict an earnings beat for UPS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat, which is not the case here. The company's Earnings ESP is -1.00%. This is because the Most Accurate Estimate is currently pegged at $1.55 per share, a cent below the Zacks Consensus Estimate. UPS currently carries a Zacks Rank #4 (Sell). You can see . You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Unimpressive Price Performance of UPS Stock Shares of UPS have plunged 26% over the past six months compared with its Zacks Transportation—Air Freight and Cargo industry's 21.3% decline. Rival FedEx 's FDX price performance is better than that of UPS. 6- Month Price Comparison Image Source: Zacks Investment Research Valuation Picture On the basis of the forward 12-month Price/Sales (P/S), UPS shares are trading in line with the industry average. Rival FedEx is cheaper. FedEx currently has a Value Score of A, while UPS has a value score of B. UPS' P/S F12M Vs. Industry & FDX Investment Thesis for UPS Stock Due to the decline in shipping demand, volumes at UPS have suffered. A slowdown in online sales in the United States, apart from a softness in global manufacturing activity, has been hurting the demand scenario. Moreover, inflation continues to be on the higher side. Of late, U.S. markets have been characterized by a high degree of volatility amid uncertainty surrounding its trade policy and growing anxiety about a slowing economy. Concerns over the sustainability of UPS' dividends in this era of demand weakness represent a further challenge for this parcel delivery company. However, UPS' expansion efforts look good. What Should Investors Do With UPS Stock? It is worth noting that the company has the brand and the network to continue generating steady cash flows in the long run. This makes UPS a compelling long-term player in the transportation space. However, the near-term headwinds, including the tariff-induced uncertainties, are hard to ignore. The combination of its weak current performance and an uncertain future casts a shadow over UPS' prospects. Though the company has a solid track record of beating earnings estimates, it will be prudent for investors to stay away from investing in the stock for now and wait for the upcoming quarterly results to get more clarity on the company's near-term prospects. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Inc. (AMZN): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report
Boston Globe
2 days ago
- General
- Boston Globe
What a sports writer eats when he's on assignment in Maine
So I spent two nights in Portland, which has not-so-quietly become a When I lived in Louisville, Ky., before moving to Boston 10 years ago, locals endorsed the city's seafood scene because of its status as a UPS hub, positing that the fish were fresher there because they arrived on nonstop flights. I recoiled and stuck with bourbon. Get Winter Soup Club A six-week series featuring soup recipes and cozy vibes, plus side dishes and toppings, to get us all through the winter. Enter Email Sign Up There is no such issue living in Boston, of course. But the waterfront charm can be disguised by steel and glass. Portland just feels like seafood, with fishing boats bobbing steps from harborside restaurants. Advertisement For dinner on my first night, I landed on The waterfront spot with high ceilings and wood floors was bustling this Monday, but not to the point that one had to yell. Fish and shellfish sat on ice outside the open kitchen, with a sign displaying the day's oyster selections. Advertisement For an appetizer, I ordered local mussels served in a broth of hard cider, local mustard, cream, and dill. They were plump and sweet, with a touch of salty ocean. The broth was delightful, the mustardy flavor a nice departure from more traditional white wine or tomato-based recipes. Scenes from Portland, Maine, last month. Adam Himmelsbach Breads are baked in-house and have their own section on the menu, which made me eager to try the toasted slice added to this plate for dipping. There was a satisfying crack when breaking off a piece, with crumbs fluttering into the dish, and the inside was light and airy. I'm fine being cliché, so I looked past the grilled branzino and fried fluke and zeroed in on the warm buttered Maine lobster roll. And the fact that the lobster would sit atop more fresh-baked bread was hard to resist. I asked for the mayonnaise on the side, because warm butter doesn't need distractions. The roll was overflowing with plump, sweet, delicious chunks of lobster. I sprayed a lemon wedge on top and enjoyed every bite. The fresh-cut fries were excellent, too, although the plate did not need so many. Nevertheless, the meal was a very good start. Dallas Mavericks forward Cooper Flagg drives the ball against Los Angeles Lakers guard DaJaun Gordon during the second half of an NBA summer league basketball game Thursday, July 10, 2025, in Las Vegas. David Becker/Associated Press The next day was spent in Newport, where I visited a taxidermy store, a marina, and a school, among other places, to talk to people about Flagg, who was drafted first overall by the Dallas Mavericks I walked to Advertisement The outdoor seating on a brick sidewalk was full, so I was led to a wood chair at a wood table pressed against a wall inside. Another night of lobster was tempting but would have been redundant. I ordered the scallops in Pernod and cream, with farro and haricots verts. Feel free to roast me in the comments, but I was unfamiliar with After about 20 minutes, my server said my entrée would be out in about 20 more minutes. That seemed like a lengthy wait and an unusual announcement. Then the food arrived moments later anyway. Scenes from Portland, Maine, last month. Adam Himmelsbach It was served in the pan, which felt trendy. The scallops were rich and flavorful, although the insides were more lukewarm than hot. Cream sauces can be off-putting if excessively heavy, but this one was light and did not dominate the shellfish. The farro was a nice semi-crunchy complement, and it tasted even better when brushed through the sauce. I declined dessert because I wanted to visit a local ice cream shop. Much to my dismay, though, both nearby options closed at 9. Europeans are just sitting down for dinner at 9, and we're shutting down our ice cream shops. That doesn't sit right. Thankfully, Advertisement Celtics beat writer Adam Himmelsbach can be reached at . Follow him @adamhimmelsbach Adam Himmelsbach can be reached at
Yahoo
3 days ago
- Business
- Yahoo
United Parcel Service, Inc. (UPS) Launches Voluntary Separation Program; JP Morgan Maintains ‘Neutral' Rating
With a low P/E multiple and potential upside for investors, United Parcel Service, Inc. (NYSE:UPS) is among the . Copyright: lightpoet / 123RF Stock Photo On July 8, 2025, JPMorgan decreased its price target on United Parcel Service, Inc. (NYSE:UPS) from $110 to $107, maintaining a 'Neutral' rating. The analysts at the firm cited persisting uncertainty regarding tariffs and trade policy, and the volatility of spot truckload rates. Meanwhile, on July 18, 2025, under its largest network reconfiguration to date, United Parcel Service, Inc. (NYSE:UPS) launched a voluntary separation program for its full-time employees. Under this program, eligible drivers will earn $1,800 per year of service, in addition to their earned retirement benefits like insurance and health. The employees will earn a minimum payout of $10,000. United Parcel Service, Inc. (NYSE:UPS) has over 10,000 drivers with 25+ years of experience. Thus, this program aims to support such long-serving employees, along with helping the company adapt to rapidly changing business demands. United Parcel Service, Inc. (NYSE:UPS), offering package delivery and logistics services, operates through two segments, U.S. Domestic Package and International Package. It is on the list of cheap transportation stocks. While we acknowledge the potential of UPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
