Looking for signs that transport and logistics could be reaching a boiling point in terms of capital distribution to shareholders, CH Robinson, UPS and FedEx earlier this month all announced their quarterly dividend policies: Unchanged.

And that, combined with the knowledge of their allocation of cash generated in excess of heavy capital needs, sends a message of caution. Right?

Don’t be fooled.

As widely expected, UPS disclosed a $1.52 dividend per share (DPS) on all its outstanding shares on 3 August, topping $3.04 ...

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