Part of the Biden administration's new strategy on allocating COVID-19 vaccines targets rural communities, which have some of the lowest vaccination rates in the country. In line with that goal as well as the imperative to speed vaccines to remote areas worldwide, major carriers have adopted innovative approaches to ensure that people don't have to travel far to get the vaccine from a trusted source. Since late last year, UPS (NYSE: UPS ) and FedEx (NYSE: FDX ) have made major adjustments to get COVID-19 vaccines in the hands of remote medical workers both domestically and globally. Related: US will share vaccines and raw materials with other countries Timing Is Everything Ironically, a couple months before the pandemic exploded, UPS started a separate division, UPS Healthcare. It launched in January 2020. The goal was to focus on complex medical products like vaccines, as well as many others. Then the pandemic hit the U.S. hard that spring. "We had this major disruption. So most of our attention was taking our resources and focusing on testing," Dan Gagnon, vice president of global healthcare strategy and marketing at UPS, told FreightWaves. "We were helping the federal government set up national test sites, and we were helping states set up their COVID testing sites.
Coinbase could slump to $100 as competition eats into market share of the largest US crypto exchange, New Constructs CEO says (COIN, BTC-USD, ETH-USD)12 May, 18:17, Business Insider Markets • Développer
Summary List Placement Shares of Coinbase will likely continue their descent and drive down to $100 or even lower, said veteran Wall Street analyst David Trainer who sees competition making it difficult for the cryptocurrency exchange to meet future profit expectations. The warning from the New Constructs CEO comes ahead of Coinbase's first-quarter results on Thursday after the closing bell. Coinbase will present figures for the first time since its shares began trading in April on Nasdaq, cheered at the time for breaking new ground as the first cryptocurrency platform to go public. "Coinbase is not likely to fulfill the profit expectations baked into the stock's current valuation of $58 billion due to rising competition in the cryptocurrency trading space, which should reduce the company's market share and pricing power," Trainer said in a Tuesday note. "Investors," he said, "should expect the stock to continue to underperform, as shares could fall to $100 or less as it becomes clear the company is unlikely to meet the future profit expectations baked into the stock price." Coinbase is expected to post first-quarter earnings of $3.07 per share on revenue of $1.82 billion, according to a FactSet poll of analysts.
FedEx will airlift over 3,400 oxygen concentrators and convertors as well as 2.65 lakh masks from Newark in the US to Mumbai on May 8 for free, a company statement said on Thursday. These items will be delivered to healthcare facilities in Mumbai, the statement added. India has been badly hit by the second wave of coronavirus infections and hospitals in several states are reeling under a severe shortage of vaccines, oxygen, drugs, equipment and beds. FedEx said it is working with customers and non-profit organisations to deliver hundreds of tonnes of medical supplies and aid into India in the days and weeks ahead. The express transportation company has a fleet of around 670 aircrafts. "On May 8, FedEx is donating a FedEx Boeing 777F charter flight to move more than 3,400 oxygen concentrators, converters and nearly 265,000 KN95 masks for direct relief from Newark, New Jersey to Mumbai, India," FedEx stated. New coronavirus cases and deaths in India hit a record daily high with 4,12,262 new infections and 3,980 fatalities being reported, taking the total tally of COVID-19 cases to 2,10,77,410 and the death toll to 2,30,168, according to the Union Health Ministry data updated on Thursday.
Neville Stephan died after he was ejected from his car during a collision with a FedEx truck in Long Island, moments after he was involved in an accident with another car.
(Bloomberg) -- For anyone who still thinks Dogecoin is a joke, there are 90 billion reasons that say it’s not.That’s how much the digital token is now worth in dollar terms after another 40% gain in the 24 hours through Wednesday. Useless or not, the coin has been swept up in the crypto mania that’s gripped markets awash in central bank largesse. It’s the latest milestone in a year of speculative excesses for a market Nouriel Roubini once described as “the mother of all bubbles.”While in the past, trillions of dollars in stimulus by governments and central banks might have triggered a rush into gold for the inflation-wary and risky stocks for the intrepid, a deluge of cash this time round is flooding into the nascent crypto market. Few illustrate this better than Dogecoin, an essentially useless cryptocurrency that’s become the destination for a horde of day traders egged on by Internet buzz and a self-propelling buying frenzy.Also read: Should You Buy Dogecoin and How Is It Different From Bitcoin? “At some point, something is just real,” said Sam Bankman-Fried, the Hong Kong-based chief executive officer of the FTX crypto exchange. “If Dogecoin is stupid and valueless, it shouldn’t be worth $90 billion.
As Earth Month comes to a close, some companies are taking one last opportunity to cement their stance on sustainability. FedEx is going a step further by gifting the planet more than a promise, but an actual plan that has been in motion for years. To help with this particular delivery, the courier company is…
Software giant Adobe and delivery giant FedEx are joining forces to bring free two-day shipping to online merchants to help them better compete with the likes of Amazon and Walmart. In a new multi-year deal, ShopRunner--a membership service that offers free shipping and returns and was acquired by FedEx late last year--will be integrated into…
United Parcel Service Inc. (NYSE: UPS ) and FedEx Corp. (NYSE: FDX ) are two stocks that gapped higher Tuesday. UPS is moving up after the company reported better-than-expected EPS and sales results, while FedEx is trading higher as a sympathy . Below is a technical look at the charts. UPS Daily Chart Analysis Starting last May and ending in August, UPS stock made a strong bullish run in 2020. The stock gapped up Tuesday past a potential area of resistance. The stock is trading above both the 50-day moving average (green) as well as the 200-day moving average (blue), indicating sentiment in the stock has been bullish recently. These moving averages may both hold as support … Full story available on Benzinga.com
FedEx's price target is hiked by analysts at Berenberg to $350 from $340.
Summary List Placement Shares of UPS jumped as much as 12% on Tuesday after the company posted a strong first-quarter earnings report bolstered by a surge in e-commerce deliveries. UPS raked in $22.91 billion in consolidated revenue in the first quarter, up 27% year-over-year, beating analyst estimates by $2.17 billion. Net income also rose to $4.79 billion and diluted EPS jumped some 393% to $5.47 per share, beating analyst estimates by $3.79 per share. Total delivery volume was up 14.3% during the quarter as e-commerce deliveries surged. UPS also said it repaid $1.5 billion in long-term debt in the first quarter of 2021, and its debt repayments for the year will total $2.5 billion. However, GAAP results did include a net benefit of $2.4 billion in the quarter as a result of the American Rescue Plan Act of 2021 (ARPA), which made the company reclassify much of its pension expenditures. UPS also said in its earnings release that the sales of its freight division is expected to go through in the second quarter.
The head of the union for the Indianapolis Metropolitan Police Department has called into question why Ryan Mears' office did not pursue a competency hearing
A gunman killed eight people at a FedEx facility last week, despite legislation that sought to prevent people like him from acquiring weapons. What went wrong?
Indiana's 'red flag' law should have prevented the FedEx shooting. Here's what else you should know about these laws21 Apr, 20:02, CNN • Développer
After 19-year-old Brandon Hole killed eight people at a FedEx facility in Indianapolis last week, questions arose about the state's "red flag" law, which should have prevented Hole from having a gun in the first place.
The gunman in the FedEx shooting browsed white supremacist websites a year before his attack, which killed 4 Sikhs, police say20 Apr, 10:35, Business Insider India • Développer
Brandon Hole was identified as the gunman in last week's shooting at an Indianapolis FedEx facility. Police said Monday that they detained Hole a year ago,
The alleged gunman who killed eight people at a FedEx facility in Indianapolis apparently browsed white supremacist websites a little over a year before the shooting.
A year before the Indianapolis FedEx mass shooting, the gunman browsed white supremacist websites, police say↳ 06:51, CNN • Développer
The gunman in an Indianapolis shooting that left eight people dead at a FedEx facility browsed white supremacist websites a little over a year before the attack, police said.
Prosecutor: 'Shortcomings' in state law allowed Indianapolis FedEx shooter to legally purchase weapons used in attack19 Apr, 20:24, CNN • Développer
An Indiana prosecutor says "shortcomings" in the state's "red flag" law allowed the 19-year-old man who killed eight people at a FedEx facility in Indianapolis last week to legally purchase two assault rifles months after being investigated by the FBI due to his potential for violence.
Indianapolis prosecutors didn’t petition a judge to block FedEx shooter Brandon Hole from buying firearms after a previous mental health incident because they didn’t think they could convince the court he had a “high propensity for violence,” they admitted Monday. Marion County Prosecutor Ryan Mears said Indiana’s “red flag law,” which can bar gun owners…
A former FedEx employee who fatally shot eight people at a FedEx facility in Indianapolis never appeared before a judge for a hearing under Indiana’s “red flag” law
Prosecutor: Man who fatally shot 8 at FedEx facility never had 'red flag' hearing, even after mom warned of suicide risk↳ 15:43, ABC News • Développer
Prosecutor: Man who fatally shot 8 at FedEx facility never had 'red flag' hearing, even after mom warned of suicide risk
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