STOCKS TELEGRAPH

Tag: Delivery Services

  • MySize, Inc. (MYSZ) Stock Exhibits Volatility as Indian BoxSize Operations Continue Developing

    MySize, Inc. (MYSZ) Stock Exhibits Volatility as Indian BoxSize Operations Continue Developing

    MySize, Inc. (MYSZ) stock prices were down by 6.76% as of the market closing on July 7th, 2021, bringing the price per share down to USD$1.38 at the end of the trading day. Subsequent premarket fluctuations saw the stock rally by 9.42%, bringing it up to USD$1.51.

    Partnership with Delhivery

    June 29th 2021 saw the company announce its partnership with Delhivery, India’s largest supply chain services provider. MYSZ’s AI-driven sizing solution BoxSize is expected to bolster the industry-leading logistics company with tools to enhance efficiency and operational management.

    BoxSize

    BoxSize facilitates the efficient utilization of resources and strategic planning of logistics, thereby ensuring the protection of both the environment, as well as the company’s bottom line. Delivery efficiency is increased with the use of the parcel measurement tool, which measures both dimension and volume, to help operations teams ensure that a truck is packed properly and completely.

    BoxSize Features

    Furthermore, the BoxSize service offers a myriad of features, including, but not limited to, barcode scanning, geolocation tagging, and image capture. The company ensures decreased emissions and fuel consumption while providing a verified chain of custody, as well as greater operational efficiency. This leads to fewer trucks being packed to less than full capacity, improved real-time allocation of resources, and fewer emissions per delivery.

    Scope of Partnership

    The collaboration with Delhivery complements the company’s renowned in-house tech solutions, increasing visibility and other ERP processes. Delihivery’s status as an industry leader in delivery and logistics tech makes the collaboration a strong testament to the value BoxSize provides. It will provide Delhivery’s employees on the B2B side with essential information to facilitate the effortless optimization of loading efficiency, as well as enhanced real-time visibility to operations.

    Utility of BoxSize

    The company’s handheld sizing solutions serve to commensurate any delivery driver or workhouse employee with the expertise of a logistics planner. With the tool being directly given to employees on the ground and field, the delivery of parcels is enhanced with the empowerment of all the people involved in the process.  The critical tool is intended to provide several businesses across India with the best possible delivery experience.

    Future Outlook for MYSZ

    Armed with the expansive collaboration with Delhivery, MYSZ is poised to massively expand the scope of its footprint in the Indian market. The company is keen to consolidate this growth and usher in further expansion through market penetration of unaddressed segments. Investors are hopeful that the company will continue to expand its reach and facilitate significant and sustained increases in shareholder value.

  • Should You Be Holding FedEx (NYSE: FDX) Right Now?

    Should You Be Holding FedEx (NYSE: FDX) Right Now?

    FedEx Corporation (NYSE: FDX), a multinational delivery services company has traded up 0.14% after reporting the strong first-quarter results. The delivery services company has reported £14.97 billion of revenue and gains £3.78 per share in the first quarter. The company has also announced its plan to help in the distribution of coronavirus vaccine treatment to hospitals and governments around the globe.

    FedEx Corporation has revealed that it is planning to introduce FedEx SenseAware ID, a security-enhanced tracking sensor which the company is planning to use in the distribution of coronavirus vaccine. The delivery services company aimed to connect the world during the period of need. Its main priority is the safety of customers and it has worked continuously to keep the world’s industrial, healthcare, and at-home supply chains flowing amid the pandemic.

    If we look at its Q1 result, FedEx Corporation has reported the net income of  $1.25 billion and $4.72 a share as compared to the $2.84 a share in the earlier year quarter. Its adjusted income climbed to $1.28 billion or $4.87 a share. Looking at its revenue, it has recorded the Q1 revenue of $19.3 billion was 14% up from $17 billion a year earlier.  The company said that its earnings growth has emphasized the importance of its business initiatives and investment over the last several years.

    FedEx Corporation (NYSE: FDX) shares were trading up 0.14% at $236.67 at the time of writing on Wednesday. Its share price went from a low point around $88.69 to briefly over $241.00 in the past 52 weeks, though shares have since pulled back to $236.67. It has moved up 166.85% from its 52-weeks low and moved down -1.80% from its 52-weeks high. FedEx Corporation’s market cap has remained high, hitting $59.78 at the time of writing.

    FedEx CEO said that the “Operating results increased due to volume growth in FedEx International Priority and U.S. domestic residential package services, yield improvement at FedEx Ground and FedEx Freight, and one additional operating weekday.”

    2020 is the year of challenges for many companies but FedEx has seen positive growth in its earning because people preferred to stay at a home amid pandemic. This pandemic environment is advantageous for FedEx as customers were turning towards online shopping. But now customers are going out and do shopping as well by visiting the stores physically. But still, FedEx has an advantageous environment right now.

    The delivery service company has spent $565 million on fuel across the company during the quarter as compared to 35% less than a year earlier. FedEx did not give an earnings forecast for fiscal 2021 because of the prevailing pandemic which caused uncertainty in the market. But the company said it anticipates annual capital spending of $5.1 billion.

  • United Parcel Service (NYSE:UPS) Stock Is Plunging. Here’s Why

    United Parcel Service (NYSE:UPS) Stock Is Plunging. Here’s Why

    United Parcel Service, Inc (NYSE: UPS), a world’s largest package delivery company has held well through the pandemic but its share has tumbled down 4.68% after losing -7.76 on Thursday. UPS is known for its letter and package delivery, logistics, specialized transportation, and financial services. It delivers millions of packages around the world each day.

    United Service Parcel is continuously improving its logistics and strives to give customers flexibility and security. UPS is now open for business and continue with daily pickup and deliveries. As the pandemic has disrupted the various businesses around the world, UPS has also experienced the shock but it held well and continues to deliver worldwide where permitted.

    United Service Parcels’ main priority is to ensure the health and safety of its customers and workforce. It has implemented the constant monitoring of air and ground networks to address sources of disruption. COVID-19 has badly affected businesses like UPS but also increases the opportunities for many businesses as e-commerce growth increases.

    Shares of United Parcel Service went down 4.68% as it lost -7.76 on Thursday. In the past 52-weeks of trading, this company’s stock has oscillated between the low of $82.00 and a high of $166.20. UPS has moved up 92.71% from its 52-weeks low and moved down -4.92% from its 52-weeks high. If we look at its profitability, it has a return on assets, equity, and investment of 7.50%, 106.20%, and 23.10%, respectively. United Parcel Service market capitalization has remained high, hitting $134.62 billion at the time of writing. Focusing on its liquidity, it has a current ratio of 1.20.

    If we compare the sales of United Parcel Service of 2019 and 2020, it has generated $71.86 billion in sales. While in 2020 Q2, its sales rose 13% to $20.46 billion. Meanwhile, its earning increases by 9% to $2.13 per share. Its earnings beat analyst’s expectations because of increasing demand for e-commerce deliveries. United Parcel Service has spent more to adapt to e-commerce growth and implement new strategies that are helpful for the business.

    United Parcel Service has a major role in the fight against the pandemic as the government around the world has labeled it as an essential service provider. It has earlier experienced the hit because of the transition in its management. Earlier this year, its COO Jim Barber has announced his plan to resign from his position in December 2019.

    UPS’s main rival is FedEx but there are some major differences in their services. United Parcel Service’s main focus is retail customers and small businesses. They also offer some postal and shipping related services. UPS has a single pickup and delivery network and its competitive edge is its domestic ground delivery services. While its rival FedEx specialty is the rapid delivery of packages and time-sensitive mail. UPS stock is not currently providing a valid buy point.