United Parcel Service Inc. (NYSE: UPS) announced Wednesday morning that it will purchase 1,000 propane-fueled package delivery trucks and install 50 propane fueling stations at a cost of around $70 million. The new trucks will replace gasoline- and diesel-fueled vehicles now in use mostly in rural areas of Louisiana and Oklahoma. United Parcel Service, Inc. (NYSE:UPS) stock opened at $97.00 in last session, and closed at $97.08, while the day range of UPS stock is $96.80-$97.38.The stock showed a positive weekly performance of 1.97%.
UTi Worldwide Inc. (NASDAQ:UTIW) was a mover in the past session, whereby shares traded up almost 10 percent to $10.71, by bell time. That gain came on a large volume session where more than three times normal volume of shares changed hands. The gain of the stock also came on the day that the company announced the completion and closing of its previously declared private offering. The offerings involved $175 million of 7 percent preference shares and $400 million of 4.5 percent senior notes. With the successful completion of the offering, that marked an important step towards refinancing of UTi Worldwide Inc. (NASDAQ:UTIW)’s plan. Approximately $555 million was raised in net proceeds and the company plans to use the funds for debt repayment and other corporate purposed. UTi Worldwide Inc. (NASDAQ:UTIW) stock opened at $10.63, in last session and closed at $10.92, by gained 1.96%.The 52 week range was $9.34-$17.70.Company’s market capitalization is $1.14 billion.
FedEx Express (FedEx), a subsidiary of FedEx Corporation (NYSE:FDX) and one of the world’s largest express transportation companies, introduced FedEx Quick Form in New Zealand providing customers with greater convenience when processing shipments. The tool is also available in Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Taiwan, Thailand and Vietnam. FedEx Corporation (NYSE:FDX) stock loosed -0.13% and finished the last session at $136.91. The EPS of the stock remained 5.19. Company’s market capitalization is $42.75 billion.
XPO Logistics (NYSE:XPO) was upgraded by investment analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a note issued to investors on Monday,StockRatingsNetwork reports.XPO Logistics Inc (NYSE:XPO) stock opened the session at $30.86, and closed the session at $31.53. The 52 week range of the XPO stock remained $15.48-31.99 and the day range was $30.55-$31.54.