CEO’s of UPS, dynaCERT, Workhorse Group, and Caterpillar Discuss Keeping The World Moving
NEW YORK, Sep 22, 2020 (GLOBE NEWSWIRE) – Wall Street Reporter, the trusted name in financial news since 1843, has released reports on the latest comments and insights from the CEOs of Caterpillar Inc. (NYSE: CAT) United Parcel Service, Inc. (NYSE: UPS) dynaCERT (TSX: DYA) (OTC: DYFSF) and Workhorse Group Inc. (NASDAQ: WKHS).
The e-commerce boom is increasingly focused on delivering goods to consumers quickly and efficiently. From long haul freight to last mile delivery – electric vehicles to diesel cleantech innovation – Wall Street Reporter highlights the CEO’s comments from recent earnings calls and investor conferences:
Carol Tomé, CEO of United Parcel Service, Inc. (NYSE: UPS): “UPS: Keeping the World Moving and Focusing on Shareholder Value”
“… UPS is a special company with a unique culture operated by more than 528,000 UPS employees around the world. In this time of global pandemics and social unrest, UPS keeps the world moving … Consolidated revenue increased 13.4% year over year to $ 20.5 billion. Operating profit increased 7.4% year over year to $ 2.3 billion.
“In our 113-year history, UPS has become a trusted global logistics leader. But what got us where we are today won’t get us where we need to go in the future. Our customers are changing, our competitors are changing, and the rate of change is accelerating. As we assess new market realities, we will make decisions based on data and analysis more quickly, with an emphasis on optimizing our existing network and the investments we have made. We will focus on creating value for our shareholders with the aim of increasing the return on the capital we invest. It’s about getting better, not bigger … Innovation is measured by the value we create for our shareholders. We will leverage our technology and portfolio of services to generate greater cash generation and a higher return on invested capital. Today we focus on increasing network efficiency as well as more permanent measures to improve the quality of sales, including pricing that reflects the value we create. “
Highlights of the earnings call, available at: https://bit.ly/2FEZEOl
Jim Payne, CEO of dynaCERT (TSX: DYA) (OTC: DYFSF): “Carbon Credit Billions”
Jim Payne, CEO of dynaCERT’s (TSX: DYA) (OTC: DYFSF) next conference moderator, shared the company’s progress in commercializing its CleanTech solution for the more than 1 billion diesel engines worldwide. The groundbreaking DYFSF technology drastically reduces CO2 emissions, lowers fuel costs and improves engine performance for the global transportation markets. A massive uptrend leads to potentially billions of dollars in carbon credits – as recurring revenue. To confirm this progress, DYFSF has attracted significant institutional investments, including $ 14 million from legendary investor Eric Sprott.
Watch the video dynaCERT (OTC: DYFSF) NEXT SUPER STOCK: https://bit.ly/2DZQfQz
September 10 – dynaCERT equips diesel-powered vehicles in the city of Woodstock, Ontario, Canada with the company’s HydraGEN ™ technology to reduce CO2 emissions and fuel costs. As more and more cities turn to clean air and cost saving initiatives for their transport fleets, this is a great opportunity for dynaCERT. In a September 10 LiveChat, Jim Payne, CEO of dynaCERT, answered questions from the Wall Street Reporter’s livestream investor audience and was joined by Trevor Birtch, Mayor of Woodstock Ontario, who explained why the city is committed to using the technology from dynaCERT and what advantages this expects.
August 31st – DYFSF has reached an agreement with Alltrucks GmbH to introduce and promote the marketing, installation and service of the HydraGEN ™ product line from dynaCERT via the established Alltrucks network at 700 locations in 12 European countries. (Alltrucks is a joint venture between the leading automobile and commercial vehicle manufacturers Bosch, Knorr-Bremse and ZF.)
August 20 – DYFSF announced the signing of a new dealer agreement with subsidiary TruckSuite Canada Ltd. of the Sparta Group and received an order for dynaCERT’s HydraGEN ™ technology products for long haul trucks, the HG1 units.
Watch the video dynaCERT (OTC: DYFSF) NEXT SUPER STOCK: https://bit.ly/2DZQfQz
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Workhorse Group Inc. (NASDAQ: WKHS), CEO Duane Hughes: “E-vehicles for last mile delivery – production starts”
“… We continue to add key personnel and critical areas, including engineering and assembly positions. These additions quickly gave us new ideas and plans to improve our assembly design. The aim of this draft for the assembly program is to significantly reduce the time it takes to assemble a C-Series vehicle and later deliver our target vehicle production of 300 to 400 units, with the vast majority coming in the fourth quarter … where we are well positioned We know we delivered not just a truck but a truck of solid quality, not just to our important UPS customers, but to all of our important customers. “
“In July we shipped our two C-1000 vehicles to Ryder for use in their orange service centers in Santa Fe, California. As part of the rollout in North America, Ryder will place the first batch of Workhorse C-1000 vehicles through COOP, a peer-to-peer truck sharing platform that connects fleet managers with companies looking to rent vehicles … Ryder presents our trucks will lead to an increase in future orders … In July, eTrucks placed an initial order for 20 C-1000 vehicles. eTrucks is a buyer, reseller and financier of truck solutions for small to medium-sized delivery companies or SMEs. The SMB fleet operator has the opportunity for additional sales and we look forward to expanding our partnership with another Ohio-based organization to improve last mile delivery for everyone. By tracking sales agreements with resellers such as eTrucks, Workhorse can expand our sales. Our sales achieve and leverage economies of scale that would otherwise not be available through individual transactions. ”
Highlights of the earnings call, available at:https://bit.ly/2FYuXTO
Caterpillar Inc. (NYSE: CAT) Chairman and CEO Jim Umpleby: “Intention to get out of the COVID crisis, even stronger and better positioned for profitable growth”
“… Caterpillar delivers products and services that enable our customers to provide the critical infrastructure that is essential to supporting society during the pandemic. Our people successfully navigate this uncertain environment by focusing on keeping period costs down, managing inefficiencies and continuing to meet customer needs. Executing our strategy, including the disciplines and management of structural costs over the past three years, also helps us weather the storm caused by COVID-19. Our financial condition is strong and we are confident we can continue to serve our global customers … Caterpillar ended the second quarter with $ 8.8 billion in corporate funds and $ 18.5 billion in available cash sources Dollars … Caterpillar has paid a quarterly dividend every year since 1933 under a variety of challenging terms and conditions. We continue to believe that our strong financial position will support our dividend. “
“… the challenges that we have successfully mastered have only reinforced our result that we are pursuing the right strategy. That is why we are investing in expanded offers and services in this environment too, all of which are key elements of our strategy. We have a strong balance sheet and sufficient liquidity. We are ready for positive or negative changes in market conditions. We want to turn this crisis into an even stronger company that is better positioned for long-term profitable growth. “
The highlights of the results can be found at:https://bit.ly/3kCPHzw
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