The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), announced that it is continuing to investigate and file claims on behalf of current and former United Parcel Service, Inc. (NYSE:UPS)employees who sustained investment losses as a result of maintaining a concentrated, leveraged position in UPS stock. The cases filed by K&T, which were filed against full-service brokerage firms with the Financial Industry Regulatory Authority (“FINRA”), involve current and former UPS employees who incurred margin or collateral calls in 2008 and into 2009 and were forced to liquidate their UPS shares. United Parcel Service, Inc. (NYSE:UPS) net profit margin is 7.60% and weekly performance is 2.25%. On last trading day company shares ended up $101.33. Analysts mean target price for the company is $110.05. United Parcel Service, Inc. (NYSE:UPS) distance from 50-day simple moving average (SMA50) is 4.02%.
On May 14, FedEx Corporation (NYSE:FDX) announced that FedEx TechConnect has opened a new package laboratory to better serve customers. The 30,000+ square-foot facility will serve both big and small FedEx Express, FedEx Ground and FedEx Freight customers, providing them free package testing and design services. FedEx handles about 10 million packages per day and commerce on this scale requires a scientific focus on proper packaging. FedEx Corporation (NYSE:FDX) shares fell -0.32% in last trading session and ended the day on $138.23. FDX Gross Margin is 26.10% and its return on assets is 5.00%. FedEx Corporation (NYSE:FDX) quarterly performance is 3.33%.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) net profit margin is 3.10% and weekly performance is 0.99%. On last trading day company shares ended up $58.88. Analysts mean target price for the company is $60.16. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) distance from 50-day simple moving average (SMA50) is 7.91%.
On May 1, 2014 – XPO Logistics Inc (NYSE:XPO) announced financial results for the first quarter of 2014. Total gross revenue increased 147.7% year-over-year to $282.4 million. Net revenue increased 259.1% to $58.4 million.The company reported a net loss of $28.1 million for the quarter, compared with a net loss of $14.5 million for the same period in 2013. The net loss available to common shareholders was $28.9 million, or a loss of $0.70 per diluted share, compared with a net loss of $15.3 million, or a loss of $0.85 per diluted share, for the same period in 2013. The company’s first quarter 2014 results reflect: $10.8 million, or $7.5 million after-tax, of transaction and integration costs related to the acquisition of Pacer International, Inc.; $4.5 million, or $3.7 million after-tax, for a commitment fee related to an undrawn debt funding option for the Pacer transaction; and $2.3 million, before-tax and after-tax, related to conversions of the company’s convertible senior notes. XPO Logistics Inc (NYSE:XPO) shares moved down -0.43% in last trading session and was closed at $23.31, while trading in range of $22.93 – $23.60. XPO Logistics Inc (NYSE:XPO) year to date (YTD) performance is -11.34%.
After discussions with Steven G. Crane, chief financial officer of ModusLink Global Solutions, Inc. (NASDAQ:MLNK), the company determined that Crane’s employment with company should come to an end.Accordingly, Crane’s departure from company was effective April 30(the effective date).On May 2, appointed corporate controller, Joseph B. Sherk, as principal accounting officer.On May 2, company appointed Glen M. Kassan, a director as chief administrative officer and vice chairman of company’s board.Company is conducting search for new chief financial officer. ModusLink Global Solutions, Inc. (NASDAQ:MLNK) ended the last trading day at $3.62. Company weekly volatility is calculated as 3.55% and price to cash ratio as 2.48. ModusLink Global Solutions, Inc. (NASDAQ:MLNK) showed a positive weekly performance of 0.28%.