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Costco and UPS issue bold message on tariff refunds
TheStreet62d agoneutral
Costco and UPS issue bold message on tariff refunds

Billions of dollars in tariffs are heading back to importers. And some of America's biggest companies are making clear they won't be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to ...

NTSB: Flaw that led to engine flying off UPS plane grew unnoticed under relaxed inspection schedule
Associated Press76d agoneutral
NTSB: Flaw that led to engine flying off UPS plane grew unnoticed under relaxed inspection schedule

A UPS plane crash that killed 15 people last year might have been prevented if an original inspection schedule hadn't been relaxed, but mechanics didn't get a close look at the parts that should have kept an engine from flying off its wing because federal regulators allowed Boeing to recommend checking them less frequently, according to testimony Wednesday. The National Transportation Safety Board's questions also drew out that Boeing relied on older data when it asked to extend the inspection schedule in 2015, and didn't seem to account for seven instances on other planes of the same model when the key engine mount parts were failing. The Federal Aviation Administration, for its part, approved the request after a month's review without seeking more information.

BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List
24/7 Wall St.86d agoneutral
BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

Amazon Is Coming For Trucking Stocks. Don’t Overreact.
Barrons.com89d agoneutral
Amazon Is Coming For Trucking Stocks. Don’t Overreact.

For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.