DIRS.INFO The most relevant business & tech news

☆ UPS Earnings Show Drop in Holiday Sales on Fewer Shipments
▼ + stars: | 2023-01-31 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

United Parcel Service Inc. posted a decline in fourth-quarter revenue after delivering fewer items during the holidays and projected that its top line will fall in the current year amid a slowdown in global trade. The Atlanta-based delivery company said Tuesday that it expects revenue of between $97 billion and $99.4 billion in 2023, down from $100.3 billion last year. UPS last posted an annual sales decline in 2015, according to FactSet.

☆ UPS beats profit view on high-margin deliveries, boosts shareholder returns
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

[1/2] A United Parcel Service (UPS) vehicle reverses into a facility in Queens, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File PhotoJan 31 (Reuters) - United Parcel Service Inc (UPS.N) on Tuesday beat expectations for quarterly adjusted profit, as it prioritized shipments of high-margin parcels and kept a tight lid on costs amid a softening e-commerce environment. UPS reported an adjusted profit of $3.62 per share for the fourth quarter ended Dec. 31, above Wall Street's expectations of $3.59 per share. UPS forecast 2023 full-year revenue between $97.0 billion and $99.4 billion, compared with analysts' expectations of $99.98 billion, as per Refinitiv data. Reporting by Lisa Baertlein in Los Angeles And Shivansh Tiwary in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Fed games
▼ + stars: | 2023-01-31 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - A look at the day ahead in markets from Stephen Culp, New York stock market reporter. Asian stocks are primed for a green Wednesday on the heels of a broad rally on Wall Street, as a slew of economic data suggested the Federal Reserve's restrictive monetary policy is working as directed. Risk appetite was largely fueled by economic data, specifically the Employment Cost Index (ECI) which decelerated in the fourth quarter to its slowest growth in a year - yet another sign that decades-high inflation is beginning to cool. This is welcome news for the Fed, which is expected to punctuate its two-day monetary policy meeting on Wednesday with a 25 basis point hike to the Fed funds target rate, its latest salvo in its battle against inflation. On Wednesday, market participants will digest factory and labor market data and parse the Fed's statement and Chairman Jerome Powell's remarks at the subsequent press conference.

☆ Fasten your seatbelts
▼ + stars: | 2023-01-30 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

Jan 31 (Reuters) - A look at the day ahead in markets from Stephen Culp, New York stock market reporter. Wall Street's downbeat start to an action-packed week has set a bumpy course for Asian markets on Tuesday. The Bank of England and the European Central Bank are poised to follow the Fed by hiking crucial interest rates by a more aggressive 50 basis points. Meta Platforms Inc (META.O) waits in the wings on Wednesday, with Apple Inc (AAPL.O), Amazon.com (AMZN.O) and Alphabet Inc (GOOGL.O) on deck for Thursday. Those policies have since been relaxed, sparking hopes of demand revival in China, which could take some of the sting of restrictive central bank policy.

Review: Is the Chase Aeroplan card the best credit card for you? It's not often an airline credit card makes waves with a strong welcome bonus and completely unique benefits, but the Aeroplan® Credit Card has managed to do just that. As the first Air Canada-branded credit card offered by Chase (and the only Aeroplan card on the US market) the Aeroplan® Credit Card is packed with perks — and it's worth considering, even if you're not a regular Air Canada flyer. However, points transferred to your Aeroplan account from the Aeroplan® Credit Card won't expire as long as your card account is open. Read our review Read Our Review A looong arrow, pointing rightAeroplan credit card fees and costsThe Aeroplan® Credit Card charges a $95 annual fee, but you won't pay foreign transaction fees, which makes it a good card to use when you're traveling internationally.

☆ Morning Bid: Fasten your seatbelts
▼ + stars: | 2023-01-30 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

☆ Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including batteries using the 4680-type cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Panasonic currently supplies cells to the gigafactory, and Tesla assembles them into battery packs there. Tesla has struggled to ramp up production of the 4680 at its factories in Fremont, California, and Austin, Texas. The EV maker aimed to produce 50,000 Semis in 2024, Musk said on a post-earnings call in October.

PREVIEWDave Edwards, the chief executive at Greenville-Spartanburg, said just over a decade ago his airport had no international air cargo operations. BMW today accounts for about a quarter of Greenville-Spartanburg’s roughly 15 international cargo flights a week. Air cargo volumes fell through most of last year as manufacturers and retailers pulled back on orders because of slowing consumer spending. Rockford, about 70 miles from Chicago O’Hare International Airport, has become one of the most successful regional airports for cargo. It is a hub for United Parcel Service Inc. and has attracted air operations for companies including Amazon.com Inc., DSV and A.P.

☆ Tesla invests $3.6 bln to expand Nevada complex with two factories
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Tesla Inc (TSLA.O) said on Tuesday it would invest more than $3.6 billion to expand its Nevada manufacturing complex with two new factories, including the first facility to mass produce its long-delayed Semi electric truck. The 18-wheeler truck has a range of 500 miles on a single charge and can carry 81,000 pounds including the cargo. Tesla Chair Robyn Denholm said in November that Tesla might produce 100 Semis in 2022, but the company did not disclose any figure in its fourth-quarter production report. The EV maker aims to produce 50,000 of the trucks in 2024, Musk had said on a post-earnings call in October. Reporting by Akash Sriram and Aditya Soni in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Small Package-Delivery Companies Grow as Businesses Seek Alternatives to UPS, FedEx
▼ + stars: | 2023-01-23 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

Smaller parcel carriers made big gains during the pandemic handling packages that the larger players couldn’t deliver. Some want to get bigger. Regional shipping companies across the U.S. are expanding their operations to pick up business from bigger rivals, seeking to capitalize on labor uncertainty at United Parcel Service Inc., higher rates charged by UPS and FedEx Corp. and growing reluctance among merchants to rely on a single carrier.

☆ Morgan Stanley upgrades this under-the-radar software stock poised to survive IT budget cuts
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Budget cuts loom in the IT industry, but software stock PagerDuty is well situated to come out unscathed, according to Morgan Stanley. "Strong unit economics, highly ratable sub revenue and market leadership in an important category provide the backdrop for a strong pivot to profitability," Singh wrote. "At ~4x CY24 sales, we think shares undervalue PagerDuty's ability to sustain 20% growth, expand margins and generate" free cash flows. Software stocks face a difficult setup as companies look to trim IT budgets in a slowing growth environment. Despite these headwinds, Singh expects PagerDuty's growth to persist given its stable subscription model and move up from a predominant focus on small-to-medium-sized businesses.

☆ David Kessler, top health official for Covid vaccines, to leave Biden administration
▼ + stars: | 2023-01-13 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

David Kessler, a key official in the Biden administration's Covid vaccine and treatment efforts, is stepping down from his role as chief science officer, the Department of Health and Human Services announced Friday. Since January 2021, Kessler has played a leading role in the development and roll out Covid vaccines. Kessler, 71, is the latest Covid response official to step down at President Joe Biden's two-year mark in office. The Biden administration and health officials have had to combat misinformation and conspiracy theories about Covid vaccines during their rollout. The latest figures from the Centers for Disease Control and Prevention show that 78.8% of U.S. adults have completed their primary series of Covid vaccines.

☆ C.H. Robinson Reaches Standstill Agreement With Activist Investor
▼ + stars: | 2023-01-10 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. has reached an agreement to work with its activist investors as analysts said new board member Jim Barber would be a strong candidate to lead the company. Robinson’s board. Robinson’s then board chair as interim CEO as the board said it would start an immediate search for a permanent successor. Robinson’s board, said Monday that Mr. Biesterfeld’s firing was a board decision. Robinson has retained executive search firm Russell Reynolds Associates Inc. to find a permanent chief executive.

"RuPaul's Drag Race" season 15 premieres January 6 on MTV at 8 p.m. How to watch 'RuPaul's Drag Race' season 15You can watch "RuPaul's Drag Race" season 15 on MTV. Who is competing in 'RuPaul's Drag Race' season 15? Is 'RuPaul's Drag Race' season 15 on Paramount Plus? Season 15 of "RuPaul's Drag Race" is not expected to stream on Paramount Plus while the season is still airing on MTV.

☆ CIO 2023 Priorities: Speed and Agility
▼ + stars: | 2022-12-30 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Technology executives in a recent CIO Journal end-of-year survey shared their priorities for 2023. In addition to delivering on a company’s technology goals, business technology executives have been navigating tricky waters over the past year as a result of rising interest rates, a tumultuous geopolitical landscape and stubborn inflation. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Alessandro Ventura, Unilever North America’s CIO and vice president of analytics and business services. “Nobody has a crystal ball,” Mr. Ventura said.

Hulu + Live TV offers over 85 channels, plus Hulu's entire on-demand catalog, for $70 a month. Hulu + Live TV plans start at $70 a month and include over 85 channels, as well as access to Disney Plus and ESPN+. Hulu + Live TV pricing and plansWhat channels come with Hulu + Live TV? Though the service includes most popular cable stations, there is one notable exception: Hulu + Live TV does not support AMC. You can now access Hulu + Live TV through the Hulu app or website with your account.

NEW YORK/SAN FRANCISCO, Dec 16 (Reuters) - PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger, the soda maker's top fleet official told Reuters on Friday. PepsiCo is the first company to experiment with the battery-powered Tesla Semis as a way of cutting its environmental impact. When Tesla starts building them, PepsiCo "will rotate those up" into its fleet, he said. PepsiCo declined to share details on the price of the trucks, a figure that Tesla has kept quiet. O'Connell said that a 425-mile (684-km) trip carrying Frito-Lay products brings the Semi's battery down to roughly 20%, and recharging it takes around 35 to 45 minutes.

PepsiCo, which ordered the Semis in 2017, is the first company to experiment with them as a way of cutting its environmental impact. PepsiCo is deploying 36 electric trucks from Tesla, with 15 in Modesto and 21 in Sacramento, so far. When Tesla starts building them, PepsiCo "will rotate those up" into its fleet, he said. PepsiCo declined to share details on the price of the trucks, a figure that Tesla has kept quiet. O'Connell said that a 425-mile (684-km) trip carrying Frito-Lay products brings the Semi's battery down to roughly 20%, and recharging it takes around 35 to 45 minutes.

☆ Blockchain Fails to Gain Traction in the Enterprise
▼ + stars: | 2022-12-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +7 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Some companies say they haven’t found a compelling enough reason to use it. Many didn’t have digital record-keeping systems and had to make large upfront investments before they could start using blockchain, Walmart said. Walmart is using blockchain to track leafy greens and green bell peppers. Earlier this year, the state of Jharkhand in eastern India began using blockchain to track seed distributions to farmers.

☆ You’re Hired! No Interview Required in Tight Labor Market
▼ + stars: | 2022-12-10 | by ( Sarah Chaney Cambon | ) www.wsj.com time to read: 1 min

Some employers racing to snap up workers in the tight labor market are omitting a step once considered crucial to hiring: the job interview. United Parcel Service Inc. has bulked up its staff without conducting job interviews for package handlers and seasonal drivers. Home Depot Inc. has sent job offers as quickly as 24 hours after candidates apply, in some cases eliminating the interview process. Gap Inc. has dropped job interviews for some warehousing positions.

☆ Starbucks workers are divided on the chain's new tipping system
▼ + stars: | 2022-12-07 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +4 min

Starbucks is expanding its new credit card tipping system across the US. "Starbucks customers have multiple options for showing their appreciation for our store partners," the coffee chain told Insider in a statement. Workers that spoke to Insider said they averaged an extra $1 to $2 per hour in credit card tips. For workers who aren't sold on the new system, the problem is more about the customers rather than the tipping itself. A Starbucks spokesperson told Insider that the update was suggested by workers in discussion sessions with employees on pain points and ways to improve the experience.

☆ Brazil, a Bastion of Hydropower, Is Gaining Traction in Wind and Solar
▼ + stars: | 2022-12-06 | by ( Paulo Trevisani | ) www.wsj.com time to read: +8 min

The government, meanwhile, welcomes renewables projects as they can generate jobs and extra income for communities plagued by poverty. The wave of solar, wind and other clean-energy projects is expected to take market share from historically predominant hydroelectric generation. Wind and solar power are abundant in areas thousands of miles north of metropolitan centers where it is mostly needed, industry officials said. New solar and wind plants are generally welcomed by environmentalists and can often offer much-needed income to small farms. Of this total, 83% is expected to come from renewable sources, including hydro, solar, wind and others.

☆ Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
▼ + stars: | 2022-12-01 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

This will allow them to hold hearings on ESG and grill the chief executives of BlackRock and other major assets managers about their ESG policies, and also pressure regulators to scrutinize them. Patronis accused BlackRock of focusing on ESG rather than higher returns for investors. U.S. Democratic officials have argued BlackRock doesn't press ESG concerns enough. read moreSo far, only Republican-controlled states have made major reallocations away from BlackRock, including $794 million pulled by Louisiana's treasurer read more and $500 million by Missouri's treasurer, both in October. Reporting by Ross Kerber in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Logistics Companies Are Diversifying Hiring, but Challenges Persist
▼ + stars: | 2022-11-28 | by ( Liz Young | ) www.wsj.com time to read: +8 min

Photo: Sarah Oden/Associated PressWomen and people of color are being hired into top roles in the logistics industry. United Parcel Service Inc. turned to Carol Tomé, a former finance chief at Home Depot Inc., in 2020 to become chief executive officer. Raj Subramaniam, who is from India, was chosen to succeed FedEx Corp. founder Fred Smith as chief executive earlier this year. Judy McReynolds has been chief executive of ArcBest Corp. , one of the largest trucking companies in the U.S., since 2010. Studies also show there is a big gap in pay across the logistics industry.

☆ Retailers Turning to Specific-Day Delivery Over Speediest Shipping
▼ + stars: | 2022-11-09 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Retailers this holiday season are focusing on delivering packages to customers on specific dates, rather than competing on speed of delivery. With inflation-conscious consumers now dialing back their online shopping, many retailers are focused on restraining the high costs of fulfillment and last-mile delivery. In 2019, the e-commerce giant also gave its Prime members the option to pick a specific delivery date. The feature refines the retailer’s previous three- to five-day shipping window, said Shivi Shankaran, the company’s chief operating officer. “Sometimes they want it really, really fast, or they want it really, really scheduled,” Mr. Gorlin said.

Search resuls for: "Service Inc"

25 mentions found