NEW YORK, July 24, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting United Parcel Service, Inc. (NYSE: UPS), FedEx Corporation (NYSE: FDX), Hub Group Inc. (NASDAQ: HUBG), Forward Air Corporation (NASDAQ: FWRD), and Golar LNG Limited (NASDAQ: GLNG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
United Parcel Service, Inc. Research Report
On July 12, 2013, United Parcel Service, Inc. (UPS) announced that it has lowered its full-year EPS expectations to $1.13. The downward revision was mainly due to overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions and a slowdown US industrial economy, which has pressurized revenue and operating profit of the Company. The Company also experienced some slowdown in package volume growth due to labor negotiations. Kurt Kuehn, UPS Chief Financial Officer, commented, "We expect the second quarter market trends to persist and UPS is adapting to meet these conditions. Despite downward revisions to economic forecasts for the second half of the year, we anticipate solid profit growth. However, we are reducing guidance for 2013 adjusted diluted EPS to a range of $4.65 to $4.85, a 3 - 7% increase over last year." UPS informed that it will release its Q2 2013 on Tuesday, July 23, 2013. The Full Research Report on United Parcel Service, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-22/UPS]
FedEx Corporation Research Report
On July 18, 2013, FedEx Corporation's (FedEx) subsidiary, FedEx Express, received Authorized Custom Broker certification (one category of the Authorized Economic Operator) from Tokyo Customs on June 27, 2013. The Authorized Customs Broker status certifies that FedEx is capable of security management and maintains a well-developed compliance system which will lead to less document and screening inspections. Also, the Company expects the certification to speed up and streamline the handling of cargo transport for FedEx customers. Masamichi Ujiie, Vice President, North Pacific, FedEx Express, commented, "Receiving AEO certification and being recognized for security and compliance in Japan is truly an honor for FedEx. As a certified customs operator, FedEx will continue to enhance both security and compliance in order to benefit FedEx customers by providing safe and rapid services." The Full Research Report on FedEx Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-22/FDX]
Hub Group Inc. Research Report
On July 18, 2013, Hub Group Inc. (Hub Group) released its Q2 2013 financial results, posting a record income of $18.6 million, up 9.8% YoY. Diluted EPS was $0.50, reflecting an 8.7% YoY increase, while its revenue increased 7.5% YoY to $836.7 million. "All of our business lines contributed to a record second quarter. We remain focused on growing profitably and expect continued growth in the second half of the year," said David P. Yeager, Chairman and Chief Executive Officer of Hub Group. Further, the Company ended the quarter with $72 million in cash. The Full Research Report on Hub Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-22/HUBG]
Forward Air Corporation Research Report
On July 18, 2013, Forward Air Corporation (FWRD) announced its financial results for Q2 2013 and H1 2013. The Company's operating revenue increased from $148.3 million in Q2 2012 to $159.8 million in Q2 2013. Income from operations in Q2 2013 was $22.5 million, compared to $23.1 million in Q2 2012. Meanwhile, the Company also reported a 5.6% YoY increase in operating revenue to $301.4 million in H1 2013. Income from operations was $38.3 million in H1 2013, compared with $39.9 million in H1 2012. FWRD's Chairman, President and CEO, Bruce A. Campbell commented, "Within our Forward Air, Inc. business segment, the overall tepid macroeconomic environment, the loss of a large customer which created a tough prior year comparison and our continued pricing challenges all conspired to make for a difficult second quarter. Fortunately, we believe that each of these headwinds will be short-lived. With respect to the macroeconomic environment, we have been experiencing increased network volumes. While a few weeks don't equate to a trend, we are hopeful that it is a positive sign for an improved freight environment. As for the customer loss creating a difficult year-over-year comparison, the third quarter will mark the last full quarter where this is an issue as the former customer exited our services during the fourth quarter of last year. Lastly, we believe the irrational pricing behavior of some of our competitors is not financially sustainable. Those who maintained pricing discipline will ultimately be rewarded." The Full Research Report on Forward Air Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-22/FWRD]
Golar LNG Limited Research Report
On July 17, 2013, Golar LNG Limited (Golar LNG) announced that it has scheduled its 2013 Annual General Meeting on September 20, 2013 with record date for voting set on July 19, 2013. The Company said that it will distribute notice, agenda and associated materials prior to the meeting. The Full Research Report on Golar LNG Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-22/GLNG]
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