Tuesday, November 20, 2012

United parcel service stock Analysis 2013

United parcel service stock Analysis 2013 : Leading cargo carrier firm United Parcel Service Inc. (NYSE: UPS) has introduced new service rates for 2013 that will be effective from December 31, 2012.

The new published rates will reflect a 4.5% hike for all UPS Air and U.S. origin international services. Further, the UPS Ground services will now be costlier by 4.9%.

The existing rates have been revised to take into account the effects of higher base rates and reduced fuel surcharges. For the UPS Air and International Services, average base rate went up by 6.5% and is partially adjusted by the 2% dip in fuel surcharge prices.

On the other hand, increase in the UPS Ground service rates underlines a 5.9% jump in average base rate, adjusted by 1% lower Ground fuel surcharge rates.

Atlanta, Georgia based United Parcel also announced a 4.9% hike in its Next Day Air Freight, Second Day Air Freight and Three Day Freight shipment rates within and between the U.S., Canada and Puerto Rico.

We believe that the renewed rates will likely bring in more profits for the company. However, most of the customers will be affected by the inflated rates amidst the prevailing sluggish macroeconomic conditions.

SOURCE Zacks Investment Research, Inc.
Zacks Investment Research
800-767-3771 ext. 9339

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