UPS has reached a tentative new five-year contract deal with the Teamsters that will take effect in August if the union votes to approve it. More
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Recent Articles
FedEx Wins New 7-Year Contract With USPS
FedEx outbid shipping rival UPS to extend its current service to the U.S. Postal Service for another seven years in a deal worth $10.5 billion. More
FDA Bans Generic OxyContin
Due to concerns over rising abuse of the powerful painkiller OxyContin, the Food and Drug Administration says it will not approve a generic version of the drug. More
TNT Express to Lay Off 4,000 Employees
Dutch shipping company TNT Express says it will sell its overseas business and cut 4,000 jobs to reduce costs. More
Shape Up and Ship Out Profits with Diana Shipping (DSX)
Increased global demand for grains and feed stock will be a key driver of revenue for dry ship stocks like Diana Shipping (DSX), and momentum is picking up. More
Time to Hop Off Transportation Stocks
This sector jumped 20% in less than three months amid growing optimism about the economy. That run-up is about over. More
The Deal’s Off … UPS Gives Up on $6.9B Takeover
UPS is abandoning its $6.9 billion acquisition of Dutch shipper TNT Express after encountering objections from European regulators. More
