Transportation Sector Review: UPS Acquisition Aftermath, Boeing Bank Loans

FedEx Corporation (NYSE:FDX), United Parcel Service (NYSE:UPS): Now that United Parcel Service (NYSE:UPS) has purchased TNT Express, the focus shits to FedEx (NYSE:FDX) and how that affects its plans, including an expected mover into ground deliveries in Europe, reports the Wall Street Journal.

FDX shares closed at $95.82, up $1.18, or 1.25%, on the day. Its market capitalization is $30.13 billion. UPS shares closed at $80.51, up $0.12, or 0.15%, on the day. Its market capitalization is $77.18 billion.

Delta Air Lines, Inc. (NYSE:DAL): The Senate rejected an amendment to extend the charter of the Export-Import Bank, which provides a significant amount of loans to Boeing (NYSE:BA), according to The Hill. Boeing vowed to continue pushing for an extension of the bank’s charter, which expires on May 31, the publication added.

The shares closed at $9.74, up $0.21, or 2.2%, on the day. Its market capitalization is $8.24 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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