TuSimple could jump 36% as the company leads the race in the $4 trillion autonomous trucking market, BofA says

Monday, 10 May 2021, 18:44:39
Summary List Placement T uSimple is “leading the autonomous revolution in trucking” and its stock could jump 36% over the next year, according to Bank of America. In a note to clients on Monday, analysts led by Ken Hoexter initiated coverage on TuSimple with a “buy” rating and a $51 price target. The price target represents a potential 36% jump in share prices from Friday's closing price of $37.29 per share. Hoexter and his team said that TuSimple is set to take a large chunk of the $4 trillion total addressable freight trucking market over the next decade. TuSimple hopes to operate an Autonomous Freight Network (AFN) across the US that will provide a comprehensive, turnkey solution to companies that want to do away with traditional trucking methods. The company has received 240 patents, has mapped more than 3,000 miles of high definition routes to date, and boasts over 5,700 orders for its level 4 autonomous semi-truck just four months after it began pre-sales. TuSimple also has investments and partnerships with the likes of UPS, Union Pacific, Canadian National, Werner, Schneider National, US Xpress, Kroger, McLane, Navistar, TRATON, NVidia, Cummins, and more.
— Business Insider

Covid: Sunder Pichai joins Global Task Force

Friday, 7 May 2021, 05:32:18
Three Indian-American CEOs Sunder Pichai from Google, Punit Renjen from Deloitte and Shantanu Narayen from Adobe have joined the steering committee of the Global Task Force on Pandemic Response, which is overseeing an unprecedented corporate sector initiative to help India successfully fight COVID19.The names of the three Indian-American CEOs were added to the list of the steering committee on Thursday.The three CEOs have been active in organising US companies' response to the COVID-19 crisis in India.Others who were added to the list on Thursday are Mark Suzman, CEO, Bill & Melinda Gates Foundation; Joshua Bolten, president and CEO, Business Roundtable and Suzanne Clark, president and CEO, US Chamber of Commerce.The task force is a newly formed public-private partnership organised by the US Chamber of Commerce and supported by Business Roundtable. It is working with the Chamber's US-India Business Council and the US-India Strategic Partnership Forum to take immediate actions to help address the COVID-19 surge in India.The US corporate sector so far has committed more than 25,000 oxygen concentrators for India.
— Economic Times India

UPS delivery wants me to pay £32 to release my urgent letter to Italy

Thursday, 6 May 2021, 08:00:37
I declared the contents and it is not liable to a customs charge but it still insists on payment I used UPS to deliver an urgent letter with my notarised signature to my sister in Italy. Three weeks later, I was asked to upload an “invoice for my goods”, or to authorise destruction of my envelope or its return to myself at my own cost. I repeatedly pointed out that I had no invoice since the envelope did not contain goods, but no response. I uploaded a photo of the document and, the following day, we were asked to pay €37 (£32) to release the item. We had no choice but to pay and contest it later, but UPS claims it has no record of the case. LN, London Brexit has unleashed chaos within the delivery system now goods sent between the UK and the EU are liable for import VAT and, if they cost over a certain sum, customs duty. Your letter was not goods, however, and you had duly stated the contents on the label. You couldn’t get UPS to accept this and nor, for three weeks, could I. Continue reading.
— The Guardian

United Parcel Service Soared 15% in April: Will the Rally Continue?

Wednesday, 5 May 2021, 15:47:44
Shares of United Parcel Service (UPS) rallied recently because of increasing demand for the company’s delivery and shipping services, fueled by the e-commerce boom. And because the boom in doorstep deliveries and COVID-19 vaccine shipments is likely to continue for some time, we think UPS should see a substantial improvement in its financials and a rise in its profitability. Read on.
— Entrepreneur

Welcome to the Show, Trading FedEx and UPS, Vaccine Cavalry, Pfizer's Moment?

Tuesday, 4 May 2021, 13:48:05
UPS and FDX are both in serious rally mode, yet in very different places in terms of technical development.
— The Street RealMoney