Transportation
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- Continental, United to Link in Star Alliance
- Airlines Slow to Get on Board With Bag Fees
- FedEx Drops After Earnings Warning
- Del.icio.us
- Digg
- StumbleUpon
Updated from June 23. CHARLOTTE, N.C. -- UPS(UPS - Cramer's Take - Stockpickr), citing a sluggish U.S. economy and the blistering rise in fuel costs, has cut its second-quarter expectations. The Atlanta-based overnight package carrier said it expects to earn 83 cents to 88 cents for the quarter. It originally anticipated earnings between 97 cents and $1.04. Slow U.S. economic growth and skyrocketing fuel expenses have resulted in lower-than-expected domestic package volume and reduced use of premium air products, the company said. Additionally, it said "the anemic U.S. economy" is affecting international results. However, the performance of the supply chain and freight segment continues to exceed expectations. Shares of UPS were were dipping 5.6% to $62.56 in recent premarket action Tuesday. UPS will release second-quarter results on July 22. The warning from UPS comes less than a week after competitor FedEx (FDX - Cramer's Take - Stockpickr) said it would fall short of analysts' estimates for the current quarter and for fiscal 2009, also as a result of high fuel prices and the weak economy.
06/19/08
Continental, United to Link in Star Alliance
Continental will leave the Skyteam group.
06/19/08
Airlines Slow to Get on Board With Bag Fees
Not many competitors have followed American in implementing a charge for travelers first checked bag.
06/18/08
FedEx Drops After Earnings Warning
Shares of the package carrier are down more than 2%.
08/05/08
Three Internet Stocks That Could Double
These forgotten Internet stocks are being accumulated by hedge funds.
08/15/08
The Five Dumbest Things on Wall Street
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
08/15/08
McCain Fund-Raising Picks Up
The GOP presidential candidate raised $27 million in July.
08/15/08
Cash-Back Cards Aren't Money in the Bank
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
More popular tickers are indicated by scale.
Sponsored by:
RSS
